RE/MAX Holdings Says CFO/COO Metzger To Leave Mar 31 2016, Appoints Karri Callahan To CFO & Adam Contos To COO

RE/MAX Holdings, Inc. (the "Company" or "RE/MAX")

, today announced that Dave Metzger has decided to leave his position as Chief Financial Officer (CFO) and Chief Operating Officer (COO) effective March 31, 2016 to relocate and spend more time with his family. As a result of Mr. Metzger's decision, the RE/MAX Board of Directors appointed Karri Callahan, Vice President and Corporate Controller, to the position of CFO, and Adam Contos, Senior Vice President of Marketing, to the position of COO. To ensure an orderly transition, Metzger and Callahan will act as co-CFOs through March 31, 2016. Callahan and Contos will assume their respective roles effective January 15, 2016. Dave Liniger, Chief Executive Officer and Co-Founder of RE/MAX, said, "We owe an immense amount of gratitude to Dave, and I commend him for putting his family first. As a result of his leadership, the Company is operationally and financially sound and in a very strong position today. During his tenure, he also helped steer us through the great recession and played an integral role in our successful IPO. The RE/MAX family will miss not only his professional contributions, but also his wit, his enthusiasm and his strong sense of team spirit." Mr. Liniger continued, "We have a deep talent bench and are fortunate to have proven leaders of Karri's and Adam's caliber to step into the CFO and COO roles. We have solid forward momentum and know they, along with the whole RE/MAX team, will continue to successfully execute our strategic initiatives." "After much reflection, I have decided that due to a loss in my immediate family, I am going to move back to the Washington D.C. area to be closer to my extended family for additional support," said Mr. Metzger. "I'm very proud of what we have achieved over the last eight years. Along with our franchisees and agents, we continue to grow one of the largest real estate franchise networks in the world. It saddens me to leave such a strong team and strong network of agents and brokers, but I'm confident that Karri, Adam and the RE/MAX team will continue to grow our network, our business and our brand into the future." Ms. Callahan has over 14 years of accounting and auditing experience. She joined RE/MAX in April 2013 as Senior Manager of SEC Reporting and was promoted to Vice President, Corporate Controller in June 2014. She served as the Company's Acting Chief Accounting Officer from November 6, 2014 to January 26, 2015 and as Acting Chief Financial Officer from December 31, 2014 through January 26, 2015. These temporary appointments were the result of a leave of absence that Mr. Metzger took due to a family emergency. Prior to joining RE/MAX, Ms. Callahan worked at Ernst & Young, LLP most recently as Senior Manager since 2008. Mr. Contos joined RE/MAX as a Senior Franchise Development Consultant for the RE/MAX Mountain States Region in 2004. He was named Region Vice President the following year. In 2007, soon after RE/MAX, LLC acquired the formerly independent RE/MAX California & Hawaii Region, Contos was named its Region Vice President. In 2010, he moved to the RE/MAX Florida Region, which under his leadership was named Region of the Year for both 2011 and 2012. He was promoted to Vice President, Region Development, in 2013 and shifted his focus to Business Development in February 2014. He was promoted to his current position, Senior Vice President of Marketing, in February 2015.