05:25 AM EDT, 10/23/2024 (MT Newswires) -- Douglas Elliman ( DOUG ) said late Tuesday that Howard M. Lorber has decided to retire as president, chief executive officer and chairman of the board.

The company has appointed board member Michael Liebowitz as its new chairman and CEO. Liebowitz is the chairman and CEO of Nocopi Technologies.

Douglas Elliman ( DOUG ) shares rose 3.5% in premarket activity Wednesday.

Price: 1.4800, Change: +0.05, Percent Change: +3.50