Joseph DeSplinter - Re Max Independent Director

RMAX Stock  USD 13.23  1.62  13.95%   

Director

Mr. Joseph A. DeSplinter is Independent Director of the Company. Mr. DeSplinter was a partner with Ernst Young for nearly 30 years prior to his retirement in 2014. In that role, he served clients in many industries, particularly real estate, financial services, banking, and technology. Mr. DeSplinter served as the office managing partner for the Phoenix and Denver offices for ten years, which included fulfilling a number of regional roles, such as market strategy development. Mr. DeSplinter led the firms U.S. private equity professional practice group for five years, which also entailed serving on its U.S. professional practice committee. He also led the firms Americas assurance implementation and enablement group for three years, focused on the rollout of the latest technological changes to the assurance group. As a result of these various roles, he has worked in a number of countries and has significant international experience. Mr. DeSplinter has served as a member of the Board of Directors and Chairman of the Audit Committee of Adolfson Peterson Construction Company since June 2015, and the Board of Directors and member of the audit committee of the Catholic Foundation of Northern Colorado since September 2015. Mr. DeSplinter is a Board Leadership Fellow of the NACD since 2016.
Age 66
Tenure 8 years
Address 5075 South Syracuse Street, Denver, CO, United States, 80237
Phone303 770 5531
Webhttps://www.remaxholdings.com
DeSplinter was selected to our Board because of his strong financial background and vast experience advising public companies.

Re Max Management Efficiency

The company has return on total asset (ROA) of 0.0418 % which means that it generated a profit of $0.0418 on every $100 spent on assets. This is way below average. Re Max's management efficiency ratios could be used to measure how well Re Max manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.3 in 2024. Return On Capital Employed is likely to rise to -0.02 in 2024. At this time, Re Max's Other Assets are fairly stable compared to the past year. Other Current Assets is likely to rise to about 61.7 M in 2024, whereas Total Assets are likely to drop slightly above 503.6 M in 2024.
Re Max Holding currently holds 483.98 M in liabilities with Debt to Equity (D/E) ratio of 7.85, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Re Max Holding has a current ratio of 1.62, which is within standard range for the sector. Note, when we think about Re Max's use of debt, we should always consider it together with its cash and equity.

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CAIA CFAMedalist Diversified Reit
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REMAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company was founded in 1973 and is headquartered in Denver, Colorado. ReMax Holdings operates under Real Estate Services classification in the United States and is traded on New York Stock Exchange. It employs 6 people. Re Max Holding (RMAX) is traded on New York Stock Exchange in USA. It is located in 5075 South Syracuse Street, Denver, CO, United States, 80237 and employs 544 people. Re Max is listed under Real Estate Management & Development category by Fama And French industry classification.

Management Performance

Re Max Holding Leadership Team

Elected by the shareholders, the Re Max's board of directors comprises two types of representatives: Re Max inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RMAX. The board's role is to monitor Re Max's management team and ensure that shareholders' interests are well served. Re Max's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Re Max's outside directors are responsible for providing unbiased perspectives on the board's policies.
Adam Grosshans, VP Officer
Karri Callahan, Chief Financial Officer
William Ligon, Chief Officer
Susan Winders, General VP
Stephen Joyce, Interim Chief Executive Officer, Director
Leah Jenkins, VP Officer
Joseph DeSplinter, Independent Director
Jerry Modes, Senior Technology
Serene Smith, Chief of Staff and Chief Operating Officer
Ronald Harrison, Independent Director
Laura Kelly, Independent Director
Andrew Schulz, Vice Relations
Roy III, Senior Strategy
Abby Lee, Communications Marketing
Daniel Predovich, Independent Director
Christine Riordan, Independent Director
Kathleen Cunningham, Independent Director
Gail Liniger, Vice Chairman of the Board, Co-Founder
Erik Carlson, CEO Director
Ward Morrison, President of Motto Franchising
Nicholas Bailey, President of the Company and RE/MAX, LLC
Roger Dow, Lead Independent Director
Adam Contos, Co-Chief Executive Officer, Director
David Liniger, Non-Executive Chairman of the Board, Co-Founder
Teresa Bogart, Independent Director
Susie Winders, Chief Counsel

RMAX Stock Performance Indicators

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