Newmark Group Forms Operating Committee, COO Ficarro Resigns
In its announcement, the company revealed that Newmark Group chief operating officer James R. Ficarro resigned from the company, effective Nov. 14.
NEW YORK CITY—Newmark Group Inc. has established an Operating Committee of key senior managers in anticipation of being spun off from BGC Partners Inc. later this month.
In its announcement, the company revealed that Newmark Group chief operating officer James R. Ficarro resigned from the company, effective Nov. 14. His responsibilities will be reassigned to the various members of the Operating Committee.
The Operating Committee consist of: Lou Alvarado, chief revenue officer, Raj Bhatti, chief information officer, Jeff Day, president, head of multifamily capital markets (chair), Alison Lewis, chief administrative officer and Michael Rispoli, chief financial officer. The Operating Committee will report to Barry Gosin, Newmark’s CEO and Jimmy Kuhn, president, brokerage.
“In anticipation of the completion of our spin off from BGC Partners, Inc. expected to occur on November 30, we have established this Operating Committee to leverage our strong leadership and work collaboratively across the firm to guide us to the next phase of our growth,” Gosin says.