Henry R. Silverman is chairman & CEO of Realogy Corporation, the world’s largest residential real estate services provider. Realogy was acquired in April, 2007 by Apollo Management for approximately $8.5 billion.
From 1997 through August 2006, Silverman served as chairman and CEO of Cendant Corporation, ranked 107th in Fortune magazine’s list of the 500 largest US companies in 2006. Cendant was the largest global provider of consumer and business services within the travel and residential real estate sectors. Realogy is comprised of the business units from Cendant’s former Real Estate Services Division, and is ranked 354 in the 2007 Fortune survey. Silverman founded HFS Incorporated in 1990 and served as chairman and CEO.As part of its business model, HFS and then Cendant often acquired companies which were restructured and later sold.
Prior to HFS, Silverman was an investor in and manager of private equity during the 1980s. Silverman serves as Vice Chairman of the Port Authority of NY and NJ and is chairman of the Business Roundtable’s Fiscal Policy Task Force. Silverman is a trustee of NYU and its School of Medicine and Medical Center, and a director of the NYU Child Study Center; a trustee of the University of Pennsylvania; a member of JP Morgan’s National Advisory Board and a member of the G-100. Silverman’s philanthropy includes Silverman Hall, Silverman-Rodin scholars and the Silverman Professor of Law at Penn Law School; Silverman Professor of Obstetrics and Gynecology, Silverman Reproductive Choice Foundation and the Silverman Cancer Research Laboratories at NYU School of Medicine.
In 1998, Silverman received the American Heritage Award from the Anti-Defamation League for lifetime achievement in fighting discrimination. He has been honored for his efforts to promote diversity in the workplace by the Jackie Robinson Foundation and the U.S. Hispanic Chamber of Commerce.