From Coldwell Banker and eXp Realty, there have been a quite a few executive team shake-ups over the past few months — and Long & Foster Companies is just the latest firm to jump into the frenzy.
Long & Foster Companies, which is part of HomeServices of America and the parent company of Long & Foster Real Estate, has named Patrick Bain as the CEO and president of Long & Foster Companies and Jackie Thiel as the president of Long & Foster Real Estate, according to an announcement on Tuesday.
“Patrick and Jackie are known for their spirit of innovation and each brings an impressive amount of industry expertise and insights,” Blefari wrote on LinkedIn. “They are dynamic leaders, and together with their talented agents, sales managers and dedicated staff are ready to take Long & Foster to its next level of growth and success.”
Bain joined Long & Foster in 2010 and most recently served as president of Long & Foster Insurance, HomeServices Property Management, Insight Home Inspections and Long & Foster’s Rental Service Center. In addition, Bain has over three decades of experience in the real estate industry.
“It’s an honor to lead The Long & Foster Companies. We’re prepared and ready to build on our organization’s strong foundation, financial stability, and commitment to ensuring the success of our agents, employees, and clients, as we move forward together,” Bain said in a statement. “This business is about our team of over 8,500 agents and employees, and it is a privilege to work every day with people who are so committed to our strong brand and culture.”
Thiel has been part of Long & Foster since 1998 and has held various leadership roles, including the most recent as an executive vice president.
“We’ll be listening closely to our team and leveraging their input to help define Long & Foster’s next chapter,” Thiel said in a statement. “Our exceptional real estate agents and employees are what make our company the market-leading organization it’s been for over 50 years, and strengthening our company collaboration will enable us to continue providing the best service and support to both our team and area consumers.”
These announcements came just a day after Long & Foster Companies’ CEO Jeff Detwiler and Larry “Boomer” Foster, the president of Long & Foster Real Estate, resigned. Detwiler had been with Long & Foster for nearly 14 years, while Foster had been with the firm for 17 years.
In addition, the firm is mourning the death of co-founder Wesley Foster, who died last Friday at the age of 89.
