Newmark Group, Inc. (NASDAQ: NMRK) appointed Kyle S. Lutnick as chief strategy officer in a newly created role, the commercial real estate services company announced.

Lutnick will work with management on the company's strategic and transformation agenda, including data, artificial intelligence and technology matters, and strategic account and platform growth. He will report to Luis Alvarado, chief operating officer.

"As Newmark continues to deliver broad-based growth and expand its global capabilities, we continue to see meaningful opportunities to build on Newmark's trajectory through strategic investment in operational capabilities that enhance collaboration, improve efficiency and further differentiate our service offering globally," said Barry Gosin, chief executive officer.

As part of creating the chief strategy officer role, Newmark established a management-level strategy committee comprised of senior leaders. Lutnick will also sit on the company's executive committee.

Lutnick will continue serving on Newmark's board of directors, a position he has held since February 2025. He is also executive vice chairman of Cantor Fitzgerald, L.P. and is expected to continue providing services to Cantor Fitzgerald Securities and other Cantor businesses.

He previously served as global managing director of Knotel, Inc., Newmark's flexible office and workspace business, and was part of Newmark's retail advisory team in New York City. Lutnick is a Stanford University graduate.

For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners operated from over 185 offices with more than 9,600 professionals across four continents.