Adam Contos. Courtesy of RE/MAX Holdings Corp.

RE/MAX Holdings Inc. director and CEO Adam Contos will leave the company March 31.

Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent replacement. Contos and Joyce will serve as co-CEOs beginning March 1 to ease the transition.

Joyce, who was just named No. 9 in the Swanepoel Power 200, which ranks the most-powerful leaders in residential real estate, is leaving to spend more time with his family and “pursue new entrepreneurial endeavors,” according to a press release.

Additionally, RE/MAX LLC President Nick Bailey was named president and CEO of the division, and Motto Franchising LLC President Ward Morrison was appointed president and CEO of Motto Mortgage and wemlo. Both appointments are effective immediately.

Joyce previously served as CEO of Dine Brands Global, the franchisor of IHOP and Applebee’s Bar + Grill, as well as president and CEO of Choice Hotels International.

“We are delighted that Steve has agreed to transition to the CEO role while we take the requisite amount of time to conduct our search for a permanent CEO,” RE/MAX Holdings Chairman and RE/MAX co-founder Dave Liniger said. “We asked Steve to join our board nearly two years ago because we were drawn to his extensive track record of success and growth as CEO of publicly traded, global franchisors.”