Douglas Elliman Real Estate Appoints Wendy Purvey as Chief Strategy Officer

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Douglas Elliman (NYSE:DOUG) appointed Wendy S. Purvey as Chief Strategy Officer effective Nov 12, 2025. Purvey, a 30+-year real estate veteran, will lead growth and revenue initiatives including domestic M&A, international partnerships, ancillary services launches, and agent retention efforts.

Her background includes consulting for Douglas Elliman Florida and prior roles as Chief Marketing Officer at Sotheby's International Realty where she helped scale the brand to 900 offices in 70 countries, 135,000 transaction sides, and $100 billion in sales volume; she has participated in over 200 mergers and acquisitions.

Purvey will set and report KPIs for growth, revenue, and capture rates and work with marketing, technology, operations, and HR to execute initiatives.

Positive

• 30+ years of real estate leadership experience
• Involved in 200+ mergers and acquisitions
• Helped scale brand to 900 offices across 70 countries
• $100 billion in historical sales volume (135,000 sides)

Negative

• No quantified revenue or timeline targets disclosed for new initiatives
• No specific deal values or timelines provided for planned M&A activity

A 30-year-plus industry veteran, Purvey will spearhead strategic initiatives to fuel the company's long-term growth and drive revenue generation.

NEW YORK, Nov. 12, 2025 /PRNewswire/ -- Douglas Elliman Realty, LLC ("Douglas Elliman"), one of the largest residential real estate brokerages in the country with the highest national average sales price, announced today that it has appointed Wendy S. Purvey to the role of Chief Strategy Officer. In this new role, Purvey will spearhead growth and revenue-generation initiatives, including supporting mergers and acquisitions, international partnerships, launching ancillary services opportunities, and optimizing agent retention.

With more than 30 years of leadership in real estate marketing, operations, and sales—including involvement in over 200 mergers and acquisitions—Purvey previously served as a strategic consultant for Douglas Elliman Florida, where she worked closely with leadership to strengthen operations and recruitment across the brokerage's West Coast offices. Prior to that, as Chief Marketing Officer for the Sotheby's International Realty Brand, she was instrumental in building the brand to 900 offices in 70 countries and territories worldwide and conducting 135,000 transaction sides and $100 billion in sales volume.

"Wendy's extensive experience and deep expertise in strategic operations are a perfect match for our plans for growth and innovation at Douglas Elliman," said Michael S. Liebowitz, President and Chief Executive Officer of Douglas Elliman Inc. "I look forward to working closely with her and the leadership team to realize this ambitious vision."

As Chief Strategy Officer, Purvey will be tasked with leading management and cross-functional teams to ensure successful execution of growth initiatives. This includes collaborating with the marketing, technology, operations, and human resources teams to align strategies and initiatives that promote both agent and company growth. In addition to advising on domestic M&A and international growth partnerships and working to identify opportunities to launch ancillary support services, she will establish and track key performance indicators (KPIs) for growth, revenue, and capture rates, reporting progress regularly to the executive team.

"Douglas Elliman is a premier real estate brokerage and dominant luxury brand precisely because of its ever-thriving culture of collaboration and innovation," said Purvey. "I could not be more thrilled to take on this new position at such an exciting point in the company's continued growth and evolution."

Purvey earned her Bachelor of Arts and science degree in 1986 from Central Michigan University, Mount Pleasant, Mich. In 2014 she was named to Diversity Journal's "Women Worth Watching" list.

About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, the Hamptons, Westchester, Connecticut, New Jersey, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets. Additional information concerning Douglas Elliman Realty is available on its website, www.elliman.com.

Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.

Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman and potential future transactions. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue" "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons.

Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.

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SOURCE Douglas Elliman

FAQ

What is Wendy Purvey's new role at Douglas Elliman (DOUG) and when did it start?

Wendy Purvey was appointed Chief Strategy Officer at Douglas Elliman effective November 12, 2025.

How much M&A experience does the new DOUG chief strategy officer have?

Wendy Purvey has been involved in over 200 mergers and acquisitions during her career.

What track record does Wendy Purvey bring to DOUG from Sotheby's International Realty?

She helped grow the Sotheby's brand to 900 offices in 70 countries, completing 135,000 transaction sides and $100 billion in sales volume.

What strategic priorities will Purvey lead at Douglas Elliman (DOUG)?

She will lead domestic M&A, international partnerships, ancillary services launches, agent retention, and KPI tracking for growth and revenue.

Will Douglas Elliman (DOUG) disclose targets or timelines for Purvey's initiatives?

The appointment notes KPIs will be established and reported, but no specific revenue targets or timelines were disclosed.