Exhibit 99.1
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PRESS RELEASE |
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Corporate Headquarters |
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100 N. Sepulveda Blvd. |
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Suite 1050 |
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El Segundo, CA 90045 |
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www.cbre.com |
FOR IMMEDIATE RELEASE
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Kenneth Kay |
Steve Iaco |
Shelley Young |
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Sr. Executive Vice President and |
Sr. Managing Director of |
Director of |
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Chief Financial Officer |
Corporate Communications |
Investor Relations |
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310.606.4706 |
212.984.6535 |
212.984.8359 |
FORMER U.S. SENATOR THOMAS A. DASCHLE JOINS
CB RICHARD ELLIS GROUP INC. BOARD OF DIRECTORS
Los Angeles, CA – September 21, 2005 — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that former U.S. Senator Thomas A. Daschle has joined the Company’s Board of Directors.
Senator Daschle is Special Policy Advisor in the Washington, D.C. office of the prominent law firm Alston & Bird, where he advises clients on public policy issues with a special emphasis on financial services, health care, energy, telecommunications, taxes, trade and international matters.
“It is an honor to have Tom Daschle join our Board,” said Brett White, President and Chief Executive Officer of CB Richard Ellis Group. “We will benefit tremendously from Tom’s insight and experience with economic issues, international affairs and other issues. He will be an asset to our Board as we continue to grow our real estate services franchise on a global basis.”
Senator Daschle served the state of South Dakota and the United States for more than 25 years. He was elected to the House of Representatives in 1978, where he served four terms, and to the Senate in 1986. He was re-elected in 1992 and 1998.
In his first year as a senator, Senator Daschle was appointed to the powerful Senate Finance Committee, an unusual honor for a freshman. In 1988, he was named the first-ever co-chair of the Democratic Policy Committee, making him the first South Dakotan ever to hold a Senate leadership position. He became Senate Minority Leader in 1994 and Senate Majority Leader in 2001.
Senator Daschle’s appointment brings the CB Richard Ellis Board to a total of 11 directors. Senator Daschle joins the following independent, non-employee directors on CB Richard Ellis’ Board of Directors: Richard C. Blum, Chairman, Jeffrey A. Cozad, Patrice Marie Daniels, Bradford M. Freeman, Michael Kantor, Frederic V. Malek, and Gary L. Wilson.