Century 21 CEO Steps Down, New CEO Named
January 8, 2019
Nick Bailey, the CEO of Century 21 Real Estate for the past two years, announced that he will step down from the position in March. Century 21’s Chief Growth Officer Michael Miedler has been named president and CEO, effective March 1.
The leadership change comes at a time when Century 21 has seen a growth in its business. For the past three years, the company has marked its highest years for franchise sales since 2006. It also has increased its global footprint; in 2018, it saw its office count up year over year by about 18 percent.
“I have had an amazing journey within this industry,” Bailey said in a statement about his decision to step down so that he and his family can move to Colorado.
Century 21 announced Miedler will take the reins in three months. He has more than 20 years of residential and commercial real estate experience. In 2012, Miedler became a senior vice president of Century 21 Real Estate, overseeing the franchise sales team, brand development, and market share strategy in the U.S. He advises new and existing real estate businesses on growth strategies, business planning, and transaction structuring. Miedler was promoted to Chief Growth Officer in March 2018, where he has continued to manage the franchise sales team and has focused on growing the company’s emerging and diverse markets. Miedler is credited with helping to tripling the company’s average annual franchise sales generated since 2014.
“We are intensely focused on the growth of Century 21 Real Estate,” Miedler says. “The team is ready to kick our efforts into high gear as we continue to fulfill our mission and show industry professionals and consumers the value of the C21 brand. I’ve had the opportunity to work with this great brand from different sides of the business, and I’m excited to be taking the lead during such an exciting time in our journey as the power of the Century 21 brand unfolds.”
Updated: January 18, 2019