MADISON, NJ--(Marketwired - Aug 26, 2013) - Realogy Holdings Corp. (
Alvarez spent 15 years in executive leadership positions with franchise leader McDonald's Corporation (
With Alvarez's appointment, Realogy's board is now comprised of eight directors, six of whom, or 75%, are independent directors for purposes of the listing standards of the New York Stock Exchange.
"With more than 30 years in the retail industry, Raul brings extensive executive leadership experience in managing leading global consumer brands and company-owned and franchised operations," said Richard A. Smith, Realogy's chairman, chief executive officer and president. "Additionally, his in-depth knowledge of international operations, emerging markets, consumer marketing, strategic planning and boardroom experience will add tremendous value to our Board."
Prior to becoming president and chief operating officer of McDonald's Corporation, Alvarez served as president of McDonald's North America from January 2005 to August 2006, with responsibility for all of the McDonald's restaurants in the United States and Canada. Before that, he was president of McDonald's USA from July 2004 to January 2005. Alvarez joined McDonald's in 1994 and held a variety of leadership roles including chief operations officer and president of the central division, both with McDonald's USA, and president of McDonald's Mexico.
A graduate of the University of Miami where he earned a bachelor of business administration degree, Alvarez currently serves on that institution's President's Council, International Advisory Board and the School of Business Administration's Board of Overseers. Previously, Alvarez was a member of the board of directors of McDonald's Corporation and Keycorp until 2009, and also was a member of the board of the National Retail Federation Inc., the world's largest retail trade organization, until 2010.
About Realogy Holdings Corp.
Realogy Holdings Corp. (