NEWMARK GROUP, INC.

(NMRK)
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Newmark : Appoints Nick Wood to Head Industrial & Logistics Services

10/05/2021 | 10:29am EDT
Newmark Appoints Nick Wood to Head Industrial & Logistics Services October 5th, 2021 10:00am
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October 5, 2021 10:00 AM

Newmark is pleased to announce that Nick Wood has been named Executive Vice President, Head of Industrial & Logistics Services. Wood will be responsible for the strategic direction of the firm's industrial business, further augmenting the business line capabilities, infrastructure and recruitment, with a focus on continuing to enhance client service.

Wood, who joined Newmark in 2002, will continue his role as Market Leader of the Salt Lake City region, where Newmark has consistently been recognized as an industry leader. Additionally, under Wood's leadership is Boise, Idaho and Reno, Nevada, where he has played a strategic role in the growth of client offerings by bringing on top-level brokerage talent in the respective markets.

"Nick is a proven leader at Newmark, bolstering our presence in key Southwest markets. His track record of success in management and brokerage, established history with Newmark's professionals, expertise in supply chain dynamics and solving for complex real estate transactions make him well suited for this role," stated Newmark Chief Revenue Officer Luis Alvarado. "Newmark is poised to continue its momentum of building a high-caliber bench of talent to continue to deliver exceptional outcomes for clients as industrial and logistics market trends transform and accelerate."

Wood added, "I am excited to expand my role to lead Newmark's Industrial & Logistics business line and have the opportunity to work alongside our best-in-class professionals across our platform to enhance client offerings and capabilities. Newmark offers the resources, analytics and expertise to help clients navigate and adapt to the ever-changing landscape of industrial and logistics from manufacturing, distribution and cold storage to supply chain networks, retail and e-commerce."

Wood has an extensive real estate background with experience spanning nearly two decades. Prior to his current management role, Wood was a brokerage professional with a focus on agency leasing. He and his team were consistently recognized among the top performers at the company. Wood has earned numerous awards based on professional achievements and is named among Utah Business Magazine's Forty Under Forty honorees. Wood earned a Bachelor of Science degree in Business Administration from Weber State University.

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. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 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 effects of the COVID-19 pandemic on 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.

Disclaimer

Newmark Group Inc. published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 14:28:03 UTC.


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Sales 2022 3 167 M - -
Net income 2022 202 M - -
Net Debt 2022 1 285 M - -
P/E ratio 2022 14,1x
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