Saturday, February 15, 2025

Virginia REALTORS Announces New CEO

Rick Lugg (Virginia REALTORS)

RICHMOND — Virginia REALTORS recently announced that longtime Chief Financial Officer and Chief Operating Officer Rick Lugg has been appointed Chief Executive Officer of the association.

The appointment follows the retirement of the association’s former CEO, Terrie Suit, last fall. The commonwealth’s largest trade association represents nearly 35,000 REALTORS engaged in the residential and commercial real estate business.

Lugg started with Virginia REALTORS in 2009. Prior to that, he spent ten years in management roles with Circuit City and served in the U.S. Air Force as a programmer analyst. He holds a bachelor’s degree from Troy University and an MBA from the University of Richmond.

“Following a comprehensive search to identify our next leader, I am pleased to share that Rick Lugg has accepted his appointment as Virginia REALTORS’ new CEO. With his extensive leadership background, IT expertise, and deep understanding of our association and industry, Rick is well equipped to excel in this role,” said Virginia REALTORS 2025 President Lorraine Arora. “For 15 years, his leadership, innovation, and thoughtful approach have helped propel our association forward. With Rick at the helm, we are confident in a bright future for our organization.”

In 2019, Lugg was selected as Virginia Business Magazine’s CFO of the Year for Small Nonprofit Organizations, the association notes.

“I am honored to be entrusted with the responsibility of leading Virginia’s largest trade organization and, most importantly, representing REALTORS and the critical role they play in our economy,” Lugg said. “Stepping into this position presents the incredible opportunity to help deepen our efforts on behalf of all Virginians hoping to achieve the goal of homeownership.”

For more information about Virginia REALTORS, visit virginiarealtors.org.

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