Sotheby’s International Realty names Mark McLaughlin CEO, Philip White transitions to executive chairman

Sotheby’s International Realty has appointed brokerage veteran Mark McLaughlin as president and CEO, effective Nov. 1, as longtime leader Philip White transitions to the role of executive chairman, the company announced Thursday. The leadership change comes as the New York-based luxury real estate brand marks its 50th anniversary and looks to extend its global expansion. White, who first joined the company in 1980 and became chief operating officer in 2004, will focus on growing the brand’s worldwide footprint and strengthening its alliance with Sotheby’s auction house. Under White’s executive leadership, Sotheby’s International Realty’s network has expanded to more than 1,100 offices across 86 countries and territories. The brand now includes nearly 170 company-owned brokerage offices in major metropolitan and resort markets, according to the announcement. “Reaching this milestone has given me the opportunity to reflect not just on everything this network has built together over 50 years, but what it can build looking fifty years forward,” White said in a statement. “It’s hard to think of someone better equipped to lead this next era than Mark McLaughlin, one of the most respected...