CBRE Announces New Assignments for Key Senior Executives

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LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE:CBRE) today announced new leadership assignments for several key executives, effective on January 1, 2020.

In announcing the new assignments, Bob Sulentic, CBRE’s president and chief executive officer, said: “The moves we are making allow us to bring fresh perspective to the leadership of our three business segments, take maximum advantage of the individual strengths and talents of our senior leaders, and position the company for long-term succession.”

Bill Concannon, currently Global CEO, Global Workplace Solutions, will assume a new senior executive role – Global Group President, Clients and Business Partners. Long one of the sector’s elite client-facing executives, Mr. Concannon will drive greater engagement with CBRE’s largest clients. Mr. Concannon’s role change is in keeping with his plans to retire in the next several years and allows the company to prepare for his retirement.

Jack Durburg, currently Global Chief Operating Officer, will succeed Mr. Concannon as Global CEO, Global Workplace Solutions. Mr. Durburg is an exceptional leader who, working with the GWS leadership team, will build on the momentum that GWS has enjoyed under Mr. Concannon’s leadership.

Chris Kirk, currently Chief Executive Talent & Administrative Officer, will become Global Chief Operating Officer. Mr. Kirk was responsible for leading the implementation of the company’s recent reorganization and recruiting several top-notch senior executives. In addition to his existing duties, he will assume responsibility for Marketing, Research and the coordination of M&A activity between the company’s business units and Corporate Development team.

Mike Lafitte, currently Global CEO, Advisory Services, will become Global CEO, Real Estate Investments. This new role will capitalize on Mr. Lafitte’s deep base of relationships, broad experience and strong leadership abilities. He has also been an astute investor of the company’s capital over many years.

Darcy Mackay, Chief People Officer, will be elevated to the company’s Executive Committee. This move underscores the central role talent plays in CBRE’s ongoing success and the strong progress Ms. Mackay is making to enhance this critical element of the company’s strategy.

Daniel Queenan, currently Global CEO, Real Estate Investments, will become Global CEO, Advisory Services. Mr. Queenan is a premier business operator and leader who, earlier in his career, led CBRE’s Advisory Services business in APAC for two years.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange filings and public conference calls and webcasts.

For further information:
Steve Iaco
Media
212.984.6535
steven.iaco@cbre.com

Brad Burke
Investors
214.863.3100
Brad.burke@cbre.com

Source: CBRE Group, Inc.

Released November 14, 2019