REMAX Canada Welcomes Don Kottick as New President
DENVER, April 24, 2025 /PRNewswire/ — RE/MAX®, the #1 name in real estate*, today announced Don Kottick, former President & CEO of Sotheby's International Realty Canada, has been named President of REMAX Canada. With over 30 years of excellence in the Canadian real estate industry, Kottick brings a wealth of experience in corporate and franchise development, brokerage management, technology and related services. His first day with REMAX Canada is April 28, 2025.
Kottick, who is based in Toronto, will oversee REMAX Canada's operations – providing direction, strategy and support to REMAX Canada affiliates – and work closely with the leaders of the independent RE/MAX Quebec region to amplify the brand nationwide. His leadership will play a crucial part in further strengthening the company's position as a market leader in the country's dynamic real estate sector, where the REMAX brand has more than 25,000 agents in over 970 independently owned and operated offices across all 10 provinces and two territories.
'We are thrilled to welcome Don as the new President of REMAX Canada,' said RE/MAX Holdings, Inc. CEO Erik Carlson. 'His experience, strategic vision and proven success in growing major real estate brands will be invaluable as we continue to lead the way in Canadian market share. REMAX agents sell more real estate than any other Canadian brand, and Don coming on board to lead REMAX Canada will only build on that momentum and track record of success.'
The REMAX brand is experiencing an exciting evolution, with an increasing focus on innovation, technology and cutting-edge services that support affiliates in achieving greater success and market dominance. With a commitment to the most productive, trusted professionals in the industry, REMAX Canada is looking to continue expanding its presence nationwide.
'Erik's vision and strong commitment to pushing boundaries and evolving to meet the changing demands of the market is something I deeply believe in and wanted to be a part of,' said Kottick. 'I am excited to join this exceptional team and contribute to the next chapter of growth, increased agent productivity, and innovation for REMAX Canada. I look forward to working alongside the talented REMAX affiliates across the country to capitalize on what the brand is doing to modernize and forge ahead so that buyers, sellers and consumers continue to think of REMAX first.'
Before joining REMAX, Kottick held prominent roles such as Executive Vice President of Corporate Development at Peerage Realty Partners, President of Right At Home Realty and senior leadership positions at Royal LePage. Additionally, he has served on the boards of organizations such as the Real Estate Institute of Canada (REIC), the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB). During his tenure at Sotheby's International Realty Canada, the largest International global affiliate for SIR, the company saw great success, doubling its agent count, and seeing sales volume and market share rise to record levels.
With a presence in over 110 countries and territories, the REMAX network's global footprint is unmatched by any other real estate brand. As REMAX continues to forge forward, strong leadership at the national level, like Kottick's, aligns with the company's mission to support the most entrepreneurial, self-motivated real estate professionals in the industry.
* Source: MMR Strategy Group study of unaided awareness
About the REMAX Canada Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. REMAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario–Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides.
REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from REMAX Canada, please visit blog.remax.ca.
Forward-Looking Statements
This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as 'believe,' 'intend,' 'expect,' 'estimate,' 'plan,' 'outlook,' 'project,' 'anticipate,' 'may,' 'will,' 'would' and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to furthering the company's position as a market leader, innovation and technology, and the company's presence nationwide in Canada. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) the Company's ability to attract and retain quality franchisees, (4) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company's ability to enhance, market, and protect its brands, (7) the Company's ability to implement its technology initiatives, (8) risks related to the Company's leadership transition, (9) fluctuations in foreign currency exchange rates, (10) the nature and amount of the exclusion of charges in future periods when determining Adjusted EBITDA is subject to uncertainty and may not be similar to such charges in prior periods, and (11) those risks and uncertainties described in the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ('SEC') and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remaxholdings.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 hours ago
- The Sun
Petronas reviewing operational and cost efficiencies amid low-price environment
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects the low oil price environment to persist, with prices hovering at around US$64 to US$65 (RM270.90) to RM275.10) per barrel, said executive vice-president and chief executive officer (CEO) of upstream business Mohd Jukris Abdul Wahab. He said the national oil company is reviewing its operational and cost efficiencies in response to the low-price environment, and challenging how it approaches everything – from maintenance, field operations, logistics management and procurement to the running of its offshore and onshore facilities. 'We are reviewing both our operational and cost efficiencies (as) the way we have done things over the past 50 years may not necessarily keep us competitive in the years ahead,' he said during a briefing for editors today. Also present was senior vice-president of Malaysia assets and Petronas Carigali Sdn Bhd CEO Hazli Sham Kassim. Mohd Jukris also said the US tariff environment has affected the global supply chain. 'It (the tariff imposition) affects the way we do business. The only thing that we can do is to respond internally and how we drive ourselves to become more cost efficient,' he added. Replying to a question on portfolio review, Mohd Jukris said the oil company assesses the need to bring in partners to reduce risk exposure, particularly for assets that require high capital investments but deliver limited value. 'Partnerships bring not only capital but also new operating philosophies and standards. In this industry, we can't operate in isolation. We must identify partners who can operate certain assets more efficiently than we can. This is the best way to unlock maximum value,' he said. Mohd Jukris said Petronas conducts portfolio reviews from time to time to ensure its assets remain competitive, with each asset having to meet specific standards. 'For example, they must have a break-even price of US$50 per barrel or less. Anything above that raises the question: do we keep this asset or not? 'Operational efficiency is another key criterion. Our unit production cost must remain below US$6 per unit. We set these parameters to guide every portfolio review,' he said. Petronas has seen its portfolio evolve, including the sale of its gas assets in Azerbaijan and, in 2021 and again last year, the scaling back of operations in Mexico through the exit from eight offshore exploration blocks. Mohd Jukris also said Petronas is very keen to expand its presence in Canada as the country is now one of its major liquefied natural gas (LNG) suppliers. He said Petronas has about 50 trillion cubic feet (TCF) of gas in Canada and the current LNG Canada project is only in Phase 1; hence the energy company has embarked on a series of LNG projects backed by this resource portfolio. 'With 50 TCF, we can support several more LNG projects as resource size is not the issue here,' he told an Editors Briefing today. Mohd Jukris also expressed hope for Canadian government's support for additional LNG projects. 'We are keen to expand our presence there and see Canada as one of our major LNG supply bases going forward,' he said. Petronas shipped the first LNG cargo from its LNG Canada facility in Kitimat, British Columbia, on July 8. Petronas operates the North Montney Joint Venture upstream gas project and is a major equity partner in LNG Canada, a US$40 billion LNG facility. – Bernama
New Straits Times
12 hours ago
- New Straits Times
Petronas eyes bigger footprint in Canada
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) wants to expand its presence in Canada as the country is now one of its major liquefied natural gas (LNG) suppliers. Executive vice president and chief executive officer of upstream business Mohd Jukris Abdul Wahab said Petronas has about 50 trillion cubic feet (TCF) of gas in Canada. The current LNG Canada project is only in Phase 1, hence the national oil company has embarked on a series of LNG projects backed by this resource portfolio. "With 50 TCF, we can support several more LNG projects as resource size is not the issue here," he told an editors briefing here today. Mohd Jukris expressed hope for Canadian government's support for additional LNG projects. "We are keen to expand our presence there and see Canada as one of our major LNG supply bases going forward," he said. Petronas shipped the first LNG cargo from the LNG Canada facility on July 8. Petronas entered Canada in 2012 by acquiring Progress Energy for US$5.3 billion, securing shale gas assets in northeastern British Columbia. Currently, Petronas operates the North Montney Joint Venture (NMJV) and holds a 25 per cent share in LNG Canada, a significant US$40 billion liquefied natural gas project in Kitimat, British Columbia. Other LNG Canada partners include Shell plc, PetroChina, Mitsubishi Corp and Korea Gas Corp.
The Star
2 days ago
- The Star
China's fiery baijiu spirit evolves to attract younger drinkers
The centuries-old fiery Chinese spirit baijiu, long associated with business dinners, is being reshaped to appeal to younger generations as its makers adapt to changing times. Mostly distilled from sorghum, the clear but pungent liquor contains as much as 60% alcohol. It's the usual choice for toasts of "gan bei,' the Chinese expression for bottoms up, and raucous drinking games. "If you like to drink spirits and you've never had baijiu, it's kind of like eating noodles but you've never had spaghetti,' said Jim Boyce, a Canadian writer and wine expert who founded World Baijiu Day a decade ago. The annual event aims to promote the traditional liquor, which is far less known internationally than whiskey or vodka. Shirley Huang, out with friends on a Friday night at the bar in Sanlitun, talks about the baijiu spirit at a bar in Beijing, China, Friday, June 13, 2025. (AP Photo/Ng Han Guan) Moutai, a kind of baijiu made in mountainous Guizhou province in southwestern China, is known as the country's "national liquor.' Perhaps its biggest endorsement came in 1974, when U.S. Secretary of State Henry Kissinger banqueted with Deng Xiaoping, who would later become China's top leader. "I think if we drink enough Moutai, we can solve anything," Kissinger said. "Then, when I return to China, we must take steps to increase our production of it,' Deng replied, according to an archived document from the U.S. State Department's Office of the Historian. A bottle of a popular brand of the fiery Chinese baijiu spirit is seen at a bar in Beijing, China, Friday, June 13, 2025. (AP Photo/Ng Han Guan) Price fluctuations of Feitian Moutai, the liquor's most famous brand, serve as a barometer for China's baijiu market. This year, its price has dropped by 36% after four consecutive years of decline, according a report by the China Alcoholic Drinks Association. The report forecast China's baijiu production will likely fall for the eighth straight year in 2025. Baijiu consumption has dropped as people spend more cautiously, cutting back on banquets and drinking due to a weaker economy. Perennial anti-corruption campaigns by the ruling Communist Party targeting lavish official dinners have taken a harsh toll. In May, the party issued new rules banning cigarettes and alcohol during work meals. A worker test the baijiu from a vat at Jiangxiaobai Liquor Co.'s Jiangji Distillery in southwestern China's Chongqing on May 19, 2025. (AP Photo/Andy Wong) China's drinking culture is evolving, with younger people keen to protect their health and less inclined to overindulge or be bound by rigid social conventions. Faced with far more choices, they might instead opt for whiskey, wine or non-alcoholic alternatives. "There is an old saying in China: 'No banquet is complete without alcohol.' It means in the past, without alcohol there is no social lubricant,' 30-year-old Chi Bo said while having cocktails with friends in Beijing's chic Sanlitun area. "People no longer want to drink alcohol or tend to drink less but they can still sit together and even discuss serious affairs,' Chi said. "Most of the people don't want to drink alcohol unless they have to.' A worker shows the Green Plum Liqueur, a mix handcrafted single sorghum baijiu with plum juice to reporters during a media organized tour at Jiangxiaobai Liquor Co.'s Jiangji Distillery in southwestern China's Chongqing on May 19, 2025. (AP Photo/Andy Wong) Baijiu makers are responding with creative innovations like baijiu-flavored ice cream. Kweichou Moutai partnered with China's Luckin' Coffee last year to introduce a Moutai-flavored latte that reportedly sells 5 million cups a day across China. Bartenders also are designing cocktails using a baijiu base. "There are so many choices right now,' Boyce said. "It's just about fighting for attention in terms of choice.' Jiangxiaobai, a newer brand made in southwestern China's Chongqing, has targeted young consumers from the beginning. It offers fruit-infused baijiu with an alcohol content below 10%, packaged in smaller, more affordable bottles adorned with philosophical or sentimental phrases meant to resonate with Chinese youth such as, "Unspoken words. In my eyes, in drafts, in dreams, or downed in a drink.' "Our promotion of products combines the culture and lifestyle young people advocate," Jiangxiaobai marketing director Fan Li said. "From our products to our branding, it's a process of embracing the younger generation." Shirley Huang, out with friends on a Friday night in Sanlitun, said she had never touched baijiu at age 27, preferring cocktails. But that night, something new on the menu caught her attention: a baijiu-based cocktail. "Baijiu is quietly making its way into our lives. We just haven't noticed,' she said "It may not appear as itself, but it reemerges in new forms.' – AP
