Newmark Executive Chairman Howard Lutnick nominated for U.S. Commerce Secretary; will step down upon Senate confirmation

NEWMARK GROUP, INC.

Lutnick nominated by President Trump to serve as 41st U.S. Secretary of Commerce.
Upon Senate confirmation, Lutnick will step down as Executive Chairman of Newmark and from roles at Cantor and BGC.
Lutnick intends to divest his interests in these companies to comply with government ethics rules; no open-market sales expected.
Newmark expects no changes to its existing corporate structure; CEO Barry Gosin and management team to continue leading.
Newmark generated revenues of approximately $2.6 billion for the twelve months ended September 30, 2024.

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