CBRE announces future organizational structure and executive promotions
LOS ANGELES–(COMMERCIAL THREAD) – CBRE Group, Inc. (NYSE: CBRE) today announced a new organizational structure that will take effect January 1, 2019, and several senior executive promotions in anticipation of the future organization.
Under the new structure, the company will organize its operations around three global activities and publish its financial results on these: Advisory services; Global solutions for the workplace; and real estate investments. For the remainder of 2018, CBRE will continue to manage its service activities within its existing geographic activities (Americas, EMEA and APAC).
Mike lafitte Has been promoted to Global CEO, Advisory Services, with responsibility for Leasing, Capital Markets (Mortgage Sales and Services), Property Management, Valuation Services and Project Management Service Lines locals across the Americas, Europe, the Middle East and Africa (EMEA) and Asia-Pacific Regions (APAC). In addition to serving as Global CEO, Advisory Services, Mr. Lafitte will serve as CEO, Americas until the end of 2018.
Jack Durburg, who previously served as CEO for the Americas, has been promoted to Global COO, a new position. Mr. Durburg will have broad responsibility and authority throughout the company for service excellence, operational efficiency and its global customer service program. In January 2019, Steven swerdlow will be promoted to Group President, reporting to Mr. Durburg, and his duties will include responsibility for global research and marketing, and support for global M&A activities in partnership with the corporate development team by CBRE.
In January 2019, the company will cut CEO positions for the Americas, EMEA, and APAC regions and elevate 12 existing Consulting Services Division Presidents across the globe. Seven division presidents in what is currently the Americas sector will report directly to Mr. Lafitte. The other five division presidents will report to the Martin samworth, who will be promoted to Group President and CEO, Advisory Services: Europe, Africa, and Asia Pacific. Mr. Samworth will oversee the Division Presidents i) Continental Europe; ii) India, South East Asia, Middle East and Africa; iii) North Asia; iv) Pacific; and v) United Kingdom. He will continue to report to Mr. Lafitte.
Daniel Queenan has been promoted to Global CEO of Real Estate Investments, with responsibility for CBRE Global Investment Management activities (CBRE Global Investors) and Development Services (Trammell Crow Company). Ritson ferguson will continue as CEO of CBRE Global Investors, reporting to Mr. Queenan. Within the CBRE Global Investors activity, Jeremy plummer has been promoted to the position of Director of Investments and Sophie van Oosterom was promoted to CEO of EMEA, which is the largest firm within CBRE Global Investors.
William concannon will continue to serve as the Global CEO of Global Workplace Solutions, which includes facilities management, account-based project management, dedicated account-based leasing services and management consulting. In January 2019, Ian entwisle
will be promoted to CEO of Global Workplace Solutions: Europe, Africa and Asia-Pacific.
The promotions for MM. Lafitte, Durburg and Queenan come into effect immediately. These officers, along with Mr. Concannon, report directly to Bob Sulentic, President and CEO of CBRE.
Mr. Sulentic said, “We have put a group of extremely talented and experienced executives into positions to lead our business with intensity. I look forward to working even more closely with them – and with all of our associates around the world – to realize our aspiration to be one of the world’s leading companies in all industries.
“We believe that organizing and reporting on our Advisory Services, Global Workplace Solutions and Real Estate Investments activities starting in 2019 will increase the efficiency and accountability of our leadership team. and provide investors with more transparency on the performance of the company, ”added Mr. Sulentic. . To help with this transparency, the company will provide summarized financial results on an additional basis for its inherited organizational structure after the reorganization.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Los Angeles-based Fortune 500 and S&P 500 company, is the world’s largest commercial real estate investment and services firm (based on 2017 revenue). The company has more than 80,000 employees (excluding subsidiaries) and serves real estate investors and occupants through approximately 450 offices (excluding subsidiaries) around the world. CBRE offers a wide range of integrated services, including facilities, transaction and project management; property management; investment management; evaluation and evaluation; Property rental; strategic advice; real estate sales; mortgage and development services. Please visit our website at www.cbre.com.