Shipplett succeeds Foster as president

Long & Foster realty also promotes 2 others in management shuffle

November 23, 2003|By Jody Snider | Jody Snider,DAILY PRESS

Long & Foster Cos. Inc., the parent company of the nation's largest privately owned real estate brokerage, announced a series of management changes last week as its founder relinquished his title as president.

Wes Foster, who founded Long & Foster in May 1968, named Brenda Shipplett as its president and chief operating officer.

Foster, 70, will remain at the top of the real estate empire as chairman and chief executive officer.

The real estate company expects to continue expanding throughout the seven-state mid-Atlantic region.

"I've been preparing for this move for the past year," said Shipplett, 54. "Any well-planned company knows what they're going to do, and prepares for it well in advance."

Long & Foster Real Estate Inc. has 200 offices with about 12,000 sales associates. Its 2003 sales are expected to hit $30 billion. Long & Foster Cos., which is based in Fairfax, Va., also has insurance, mortgage and title insurance operations that are expected to add another $10 billion in sales this year.

Shipplett had been executive vice president and general manager of the Virginia/West Virginia region of Long & Foster Real Estate. She oversaw the management of 69 Virginia and West Virginia sales offices and growth in the region through mergers and acquisitions.

Other promotions announced last week included George T. Eastment III, 58, who was named president of Long & Foster Financial Services, which includes the firm's mortgage, insurance and title companies.

Jack Queen, 55, was named president of Long & Foster's Maryland, Washington, Pennsylvania, Delaware and New Jersey division, which has 122 offices.

The Daily Press of Newport News, Va., is a Tribune Publishing newspaper.

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