MMI's Kerin to Retire as CEO, Succeeded by Nadji

Nadji will become president and CEO as of March 31.

CALABASAS, CA—John Kerin is retiring as president and CEO of Marcus & Millichap effective March 31, the company announced Tuesday afternoon. The company’s board has named Hessam Nadji, currently senior EVP, to succeed Kerin in both capacities effective on that date.

George Marcus, founder and co-chairman of the investment sales brokerage firm, says the transition occurs at “a time of strength for our company, given the growth of our highly respected brand, deep management team and strong balance sheet. John and Hessam have worked very closely over the years. John’s retirement and Hessam’s promotion are a natural and positive transition.”