Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate, today announced the appointment of Joseph Z. Lenz to its Board of Directors, effective February 13, 2024. Lenz is currently a Managing Director and Co-Head of Research of Credit Solutions at Angelo Gordon & Co., L.P.. With this appointment, the Anywhere Board will expand from 12 to 13 directors, 12 of whom are classified as independent directors for purposes of the listing standards of the New York Stock Exchange.
QUOTES:
- “We are pleased to welcome Joe Lenz to the Anywhere Board of Directors. Anywhere is committed to maintaining a high-caliber and diverse Board, and we are confident we will benefit from Joe’s notable business experience. We are thankful for the continued support of TPG Angelo Gordon, and we look forward to working with Joe upon his joining the Board as we continue to guide and support the Anywhere leadership team.”
– Michael J. Williams, Chairman of the Board, Anywhere Real Estate Inc. - “I believe Anywhere is well-positioned to navigate today’s housing market while harnessing the power of its unique advantages to drive change, unlock new growth, and deliver long-term value. I look forward to partnering with my new Anywhere Board colleagues and the management team to help further accelerate the Company’s strategic transformation.”
– Joe Lenz, Board Member, Anywhere Real Estate Inc. - “As we continue to transform Anywhere, Joe’s experience will complement our highly regarded Board. As a Managing Director of TPG Angelo Gordon, a top stockholder, he will bring an important shareholder perspective. I look forward to the insights Joe will bring as we execute the Anywhere strategy to deliver results and drive growth.”
– Ryan Schneider, Anywhere President and CEO
LENZ EXPERIENCE:
- Joe Lenz has extensive advisory and investing experience, including helping guide companies’ investments across capital structure and navigating investor and legal affairs.
- Lenz joined TPG Angelo Gordon in 2012. TPG Angelo Gordon is a diversified credit and real estate investing platform of TPG, a leading global asset manager with over $200 billion of assets under management. Joe serves as a Managing Director and Co-Head of Research of TPG AG Credit Solutions, an approximately $13 billion strategy within TPG Angelo Gordon.
- Lenz has distinguished public company Board experience, previously serving as a board member and member of the Compensation Committee of Northern Oil & Gas. He currently serves as a board member and member of both the Audit and Nominating & Governance Committees for SECURE Energy.
- Lenz received a Bachelor of Arts degree in Philosophy, Politics, and Economics with an Economics concentration from the University of Pennsylvania in 2010. Lenz began his career in the Financial Sponsors Group at Morgan Stanley.
As part of Lenz’s appointment to the Board of Directors, the Company entered into a cooperation agreement with TPG Angelo Gordon and funds managed by that firm (the “Investor Parties”). Pursuant to the cooperation agreement, the Investor Parties have agreed to customary standstill, voting, and other provisions. The full agreement will be filed by the Company with the U.S. Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K.
About Anywhere Real Estate Inc.
Anywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what’s next. A leader of integrated residential real estate services, Anywhere includes franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter minority owned joint ventures, supporting approximately 1.2 million home transactions in 2022. The diverse Anywhere brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby’s International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Anywhere fuels the productivity of its approximately 190,300 independent sales agents in the U.S. and approximately 140,100 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today’s consumers. Recognized for twelve consecutive years as one of the World’s Most Ethical Companies, Anywhere has also been designated a Great Place to Work six years in a row, honored on the Forbes list of World’s Best Employers three years in a row, named one of America’s Most Innovative Companies 2023 by Fortune, and most recently, featured on the inaugural TIME World’s Best Companies list.
