Grubb & Ellis Company Names Richard W. Pehlke Executive Vice President and Chief Financial Officer
February 12 2007 - 7:45AM
PR Newswire (US)
CHICAGO, Feb. 12 /PRNewswire-FirstCall/ -- Grubb & Ellis
Company (NYSE:GBE), a leading provider of integrated real estate
services, today announced the appointment of Richard W. Pehlke as
Executive Vice President and Chief Financial Officer effective Feb.
15. "Rich will be a valuable addition to our senior management team
and we are excited to have him on board as we move further into our
five-year plan," said Mark E. Rose, Chief Executive Officer. "He
brings with him a strong financial background, including a
demonstrated ability to manage capital markets transactions and
mergers & acquisitions in a public company environment. We
believe this experience will be extremely important as we continue
to aggressively execute our growth strategy." Don Olinger, who has
served as interim Chief Financial Officer since Dec. 29, continues
as Senior Vice President, Chief Accounting Officer. Pehlke, 53,
brings more than 30 years of global business experience in key
corporate finance positions. Most recently, he spent three years at
Hudson Highland Group (NASDAQ:HHGP), a publicly held global
professional staffing and recruiting business. In this role, he was
responsible for all of the firm's financial functions worldwide.
From 2001 to 2003, Pehlke operated his own consulting business
specializing in financial strategy and leadership development. In
2000, he was Executive Vice President and Chief Financial Officer
of ONE, Inc. a privately held software implementation business.
From 1986 to 1999, Pehlke served as Vice President, Treasurer and
Vice President, Investor Relations at Ameritech Corporation where
he oversaw a wide range of financial functions, including corporate
funding and investments, risk management, investor relations,
financial planning and analysis, and a staff of 300 people.
Earlier, he was Director of Investor Relations at Household
International and Director of Investor Relations, Financial
Planning and Financial Reporting at Beatrice Companies. Pehlke
currently serves on the boards of Edward Health Services
Corporation in Naperville, Ideal Industries and Valparaiso
University. He holds a bachelor's degree from Valparaiso University
and an MBA from DePaul University. Grubb & Ellis Company Grubb
& Ellis Company is one of the world's leading full-service
commercial real estate organizations, providing a complete range of
transaction, management and consulting services. By leveraging
local expertise with our global reach, Grubb & Ellis offers
innovative, customized solutions and seamless service to owners,
corporate occupants and investors throughout the globe. For more
information, visit the Company's Web site at
http://www.grubb-ellis.com/. DATASOURCE: Grubb & Ellis Company
CONTACT: Janice McDill of Grubb & Ellis Company,
+1-312-698-6707, Web site: http://www.grubb-ellis.com/ Company News
On-Call: http://www.prnewswire.com/comp/136726.html
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