"I said, Hey, I really want to go and enjoy my life and retire,' McLaughlin told The Real Deal, saying a deal was worked out to stay on in an advisory role. I know a lot of CEOs around the country. I can generally pick up the phone with any one of them and have a conversation and so that's what I'm going to do. How long will I do it? I'd say at least a year."
"A Compass spokesperson confirmed in a statement McLaughlin will continue to focus on strategic growth initiatives, working in areas where he has already been contributing his expertise. The executive's experience came in handy over the past two years amid an environment of high interest rates and a cooling off of the pandemic-induced run-up in dealmaking. We had to transform the business and I think instinctively everybody knew what had to be done,"
Mark McLaughlin moved into a part-time mergers and acquisitions adviser role at Compass after his two-year contract as chief real estate strategist ended in late June. He previously served as Compass California president from September 2018 to December 2020 and returned to Compass in July 2023 to focus on coaching and streamlining operations. He also served as interim president of brokerage operations from July to October. McLaughlin agreed to stay on in an advisory capacity for at least a year and will leverage his CEO network to support strategic growth initiatives. His prior experience aided business transformation amid high interest rates and cooling deal activity, and he led Pacific Union from $2 billion in volume in 2009 to $14 billion by 2018 when Compass acquired the firm.
Read at therealdeal.com
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