Keller Williams CEO Carl Liebert is out at Kwx, the international real estate franchise’s holding company. Kwx announced the departure Wednesday.
Kwx will change to “a flatter leadership structure” in the wake of Liebert’s departure, company founder Gary Keller said in a press statement. It created a chief operating officer position and filled the role with Sajag Patel, who has held several leadership positions in his 12 years at the company. “The COO role comes with the mandate of getting us closer to our roots as a training and coaching company,” Keller said.
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Keller Williams shakes up its C-suite
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Gary Keller steps down as Keller Williams’ CEO
Keller will remain executive chairman of Kwx, the holding company that represents all Keller Williams affiliates and subsidiaries. All of Kwx’s chief executives — Patel; Chris Cox, chief technology and digital officer; Stacie Herron, chief legal and people officer; Stacie Shirley, chief financial officer, and Dave Smith, president of Keller Home Financial Services — will now report to Keller.
All of the announced changes are effective immediately.
Liebert became Kwx CEO when Keller stepped down from that position in 2020 as the company underwent substantial restructuring. Kwx announced further C-suite changes in early 2021.
Liebert has been an executive at bank USAA, Home Depot, General Electric and 24-Hour Fitness. He was fired from his role as the CEO of automotive retailer AutoNation after only four months on the job.