Sotheby's International Realty names Mark McLaughlin CEO, Philip White transitions to executive chairman

Key facts

• Mark McLaughlin named president and CEO of Sotheby's International Realty.
• Philip White transitions to executive chairman.
• McLaughlin previously led Pacific Union International, overseeing 12 M&A deals.
• Sotheby's International Realty has over 1,100 offices in 86 countries.

Sotheby's International Realty announced that Mark McLaughlin has been appointed president and CEO, effective November 1. Philip White, who has been with the company for over four decades, will transition to the role of executive chairman. White will focus on expanding the brand's global presence and its partnership with Sotheby's auction house. Under White's leadership, the network grew to over 1,100 offices in 86 countries. McLaughlin, who has over 30 years of experience in the real estate brokerage sector, previously led Pacific Union International, where he managed 12 mergers and acquisitions and scaled the brokerage to $14.1 billion in sales volume before its acquisition by Compass. The company stated the leadership change aims to preserve its culture and client service standards while pursuing new growth opportunities.