NEW
YORK, Nov. 21, 2024 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark") Executive Chairman
Howard W. Lutnick provided the
following statement:
"I am deeply honored to have been nominated by President
Donald J. Trump to serve as the 41st
U.S. Secretary of Commerce. I look forward to this new chapter in
my life, working for President Trump to promote economic growth,
drive innovation, and strengthen our nation's financial
security.
Upon U.S. Senate confirmation, I will step down from my
positions at Cantor, BGC, and Newmark. I intend to divest my
interests in these companies to comply with U.S. government ethics
rules and do not expect any arrangement which involves selling
shares on the open market.
I have full confidence in the leadership of Barry Gosin, Newmark's Chief Executive Officer,
and our exceptional management team to continue to drive the
success of the company, upholding the best interests of Newmark's
clients, investors, and employees."
Newmark expects no changes to its existing corporate structure
and expects to disclose further details at a later date.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK),
together with its subsidiaries ("Newmark"), is a world leader in
commercial real estate, seamlessly powering every phase of the
property life cycle. Newmark's comprehensive suite of services and
products is uniquely tailored to each client, from owners to
occupiers, investors to founders, and startups to blue-chip
companies. Combining the platform's global reach with market
intelligence in both established and emerging property markets,
Newmark provides superior service to clients across the industry
spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of
approximately $2.6 billion. As of
that same date, Newmark's company-owned offices, together with its
business partners, operated from nearly 170 offices with more than
7,800 professionals around the world. To learn more,
visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about
Newmark
Statements in this document regarding Newmark that
are not historical facts are "forward-looking statements" that
involve risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements.
These include statements about the Company's business, results,
financial position, liquidity, and outlook, which may constitute
forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is
currently expected. Except as required by law, Newmark undertakes
no obligation to update any forward-looking statements. For a
discussion of additional risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see Newmark's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
and Special Note on Forward-Looking Information set forth in these
filings and any updates to such risk factors and Special Note on
Forward-Looking Information contained in subsequent reports on Form
10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.
