After almost two decades at the helm of the National Multifamily Housing Council (NMHC), president Doug Bibby has announced he is stepping down in 2021. During his years of service he has helped navigate through the financial crisis and advocated for an industry that has become a more diversified and institutionalized asset class.
Before becoming the public face of the NMHC, Bibby was the youngest vice president ever at J. Walter Thompson and a senior officer at Fannie Mae for 16 years. In 2001, he turned down a COO offer at Georgetown University and began the next phase of his career at the NMHC. He was inducted into the MFE Hall of Fame in 2019 and is going out on a high note.
“It has been, and continues to be, a great honor and privilege to serve in this position,” said Bibby. “Representing the apartment industry has been one of the most fulfilling and gratifying experiences of my career. I am proud of the work the team at NMHC has done and the strides the industry has taken during my tenure.”
“Doug’s leadership of the industry has been second to none,” said David Schwartz, chair of NMHC’s board of officers. “His experience, insights, and deft guidance of NMHC have placed the industry in a strong position to address the challenges and opportunities we will face. He has secured the active participation of the industry’s most forward-thinking professionals, which backed by NMHC’s highly qualified staff, means NMHC will continue to be able to mobilize the diverse resources required to succeed in all the areas where we operate.”
NMHC’s officers have engaged an executive search firm, Russell Reynolds Associates, to help identify the best candidate for the CEO role. The Council hopes to introduce its new president at its January 2021 Annual Meeting.
