ALTAMONTE SPRINGS, Fla. (July 31, 2025) —After more than 15 years of visionary leadership, Merri Jo Cowen, CEO of Stellar MLS, announced she will step down from her role in Q1 2026. Her successor will be Stellar MLS’s current Chief Operations Officer, Shayne Fairley, who for nearly two decades has been an integral part of the leadership team at one of the nation’s largest and most influential multiple listing services. Widely recognized as a thought leader and trailblazer in the real estate industry, Cowen has led Stellar MLS since 2008, guiding it through a period of transformational growth and modernization. Under her leadership, the organization expanded its customer base to become the largest MLS in Florida and Puerto Rico. This growth strengthened shareholder relationships, launched international partnerships, and solidified Stellar MLS’s position as a national and global leader in data transparency and collaboration. Cowen played a pivotal role in the MLS’s rebranding in 2019 and helped elevate the visibility and value of the MLS during a time of industry change. “Serving as CEO of Stellar MLS has been one of the greatest honors of my career,” said Cowen. “I’m incredibly proud of what we have built—an MLS that delivers value, innovation, and integrity to real estate professionals and the consumers they serve. Now, I’m ready to step back, and Shayne is more than ready to step forward. I truly cannot imagine leaving what we’ve built in better hands. Shayne knows Stellar MLS inside and out, and I have complete trust in his leadership and absolute confidence that he’ll take this organization to the next level.” Fairley joined Stellar MLS in 2005 and has risen through the ranks across multiple departments, training customers and staff, guiding compliance, advancing data services, and advising on operations, to name a few. Since being named COO in 2017, he has led strategic operational growth, championed customer-focused initiatives, and worked with Cowen on the company’s efforts to elevate the MLS on a global scale. “I’ve had the privilege of working closely with Merri Jo for nearly 20 years and learned a tremendous amount by watching how she leads, both strategically and personally. She leads with vision and heart, and that blend of high-level leadership and genuine care is part of what makes Stellar successful and is something I intend to carry forward,” said Fairley. What’s Next: A Seamless Transition Stellar MLS’s leadership transition will take place over the coming months, with Cowen working closely with Fairley to ensure a smooth and seamless handoff. The official transition is expected to be completed by Q1 2026 and throughout this period, both leaders will continue to collaborate on strategic initiatives and ongoing projects. After the leadership transition, Cowen will serve in a strategic advisory role at Stellar MLS while also leading its subsidiary Universal Consulting Opportunities (UCO), which supports real estate professionals worldwide. Launched in 2024 with Cowen as CEO, UCO-Global provides expertise and customized solutions to advance MLS practices globally, with a focus on transparency, data integrity, and modernized market infrastructure. Through strategic partnerships with international organizations such as CEPI (the European Association of Real Estate Professions) and FIABCI (the International Real Estate Federation), and alongside dedicated global partners who share UCO-Global’s mission to empower real estate markets worldwide, UCO-Global has helped foster collaboration and trust across the real estate industry in Europe, the Middle East, and South Asia. “Our priorities remain the same—delivering exceptional value to our customers, championing innovation, and helping shape the future of the real estate industry both at home and around the world,” said Fairley. About Stellar MLS Stellar MLS is the multiple listing service for real estate professionals who value clarity, stability, and support in a real estate market and industry defined by change. As the largest multiple listing service in the state of Florida and among the largest and most influential in the U.S., Stellar MLS serves over 84,000 customers and supports real estate agents and brokers across 21 REALTOR® associations in Central and Southwest Florida and Puerto Rico. Its extensive footprint allows Stellar MLS to deliver a broader suite of cutting-edge products and services, and more opportunities for customers to do business than almost any other MLS. Stellar MLS creates conditions within which real estate professionals can succeed, the housing market can thrive, and people who seek homeownership have every opportunity to achieve it.

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