Daniel Dennis has been appointed president and chief executive officer of Long & Foster, according to a report by HousingWire.

Dennis succeeds Patrick Bain, who is leaving the company after 16 years.

Leadership transition

The appointment puts Dennis in charge of Long & Foster's next phase under a new executive leadership team.

For real estate professionals and market participants connected to the company, the change represents a significant senior management transition at a longstanding brokerage business.