NAR named Matthew Cenedella as its new CFO. He will replace long-time CFO John Pierpont, who will retire at the end of March.
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The National Association of Realtors (NAR) continued reshaping its leadership team this week as it announced it would replace its Chief Financial Officer.
NAR CEO Nykia Wright announced Thursday that she had chosen Matthew Cenedella, a CPA with experience in auditing, for the role.
Cenedella will replace John Pierpont, who has been with the organization since 2013. NAR said Pierpont would retire at the end of March.
“Matthew’s versatility and his extensive background in finance, strategic planning and operational leadership roles will be invaluable as we continue to strengthen our financial strategies, propel NAR toward a higher-performing workplace and deliver greater value to our members,” Wright said in a statement.
Cenedella is a board member and treasurer for the U.S. Center for SafeSport, an organization that seeks to end sexual abuse among athletes through awareness and prevention courses.
He was treasurer for the Women’s Tennis Association, the organizing body for women’s professional tennis, and senior finance director for the sports and culture management company IMG Worldwide.
Cenedella will join NAR at a time of austerity. The organization recently made the first payment toward its $418 million settlement of commission litigation.
It also comes as Wright looks to shape the organization’s leadership into her mold. Wright was hired as full-time CEO in August.
Last month, Wright announced internally it had replaced its general counsel. The organization also replaced the outside legal team that represented it in the Sitzer | Burnett case.
“I am honored to join NAR at such a pivotal time for the real estate industry,” Cenedella said. “Throughout my career, I have been fortunate to work across diverse financial landscapes, from corporate enterprises to nonprofit associations, and I look forward to leveraging that experience to ensure the organization’s financial strength and to position it for strategic growth where it best suits our mission to support NAR’s members.”
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