CBRE Streamlines Leadership of its Two Real Estate Services Business Segments
April 05 2024 - 8:00AM
Business Wire
CBRE Group, Inc. (NYSE:CBRE) today announced that Chief
Operating Officer Vikram Kohli will assume direct oversight of the
company’s two real estate services business segments – Advisory
Services and Global Workplace Solutions (GWS).
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Vikram Kohli, Chief Operating Officer,
CBRE (Photo: Business Wire)
The senior executives responsible for leading these businesses
will report to Mr. Kohli, and they will work together to align them
more closely from both client-facing and cost efficiency
perspectives. Advisory and GWS will continue to be reported as
separate segments. Mr. Kohli will also continue to oversee the
leaders of CBRE’s Digital & Technology and Research teams.
“Vikram joined us in our India brokerage business in 2001, and
since then, has excelled in key roles across multiple geographies.
He is a compelling leader with an exceptional level of strategic,
financial and digital capability. Our Advisory and GWS segments,
both of which lead their respective sectors globally, will be more
connected, leaner and better positioned to deliver superior
integrated client solutions under his leadership,” said Bob
Sulentic, CBRE’s chair and chief executive officer.
To bring greater focus and impact to his efforts, Jack Durburg,
who has served as CEO, Advisory Services, will now exclusively lead
the U.S. and Canada Advisory business, and Chris Kirk, who has
served as COO of Advisory, will lead the international Advisory
business. Both executives will report to Mr. Kohli.
Chandra Dhandapani, who has served as CEO, GWS, will transition
her responsibilities and then leave CBRE on September 8, 2024, and
the leaders of the GWS Enterprise and GWS Local businesses will
report to Mr. Kohli.
“Chandra has made notable contributions in a variety of
leadership roles over the past eight years, from significantly
upgrading the talent of our Digital & Technology team to
advancing our capabilities in serving GWS occupier clients. We
greatly appreciate everything that Chandra has done for CBRE and
wish her continued career success,” Mr. Sulentic said.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500
company headquartered in Dallas, is the world’s largest commercial
real estate services and investment firm (based on 2023 revenue).
The company has more than 130,000 employees (including Turner &
Townsend employees) serving clients in more than 100 countries.
CBRE serves a diverse range of clients with an integrated suite of
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 Commission
filings and public conference calls and webcasts.
Forward-Looking Statements
Certain of the statements in this release that do not concern
purely historical data are forward-looking statements within the
meaning of the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on our management’s expectations and
beliefs concerning future events affecting us and are subject to
uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance,
results and events may vary materially from those indicated in
forward-looking statements, and you should not rely on
forward-looking statements as predictions of future performance,
results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those
indicated in forward-looking statements, including our ability to
successfully leverage the full benefits of our leadership talent to
drive growth and other risks and uncertainties discussed in our
filings with the U.S. Securities and Exchange Commission (SEC). Any
forward-looking statements speak only as of the date of this
release. We assume no obligation to update forward-looking
statements to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information,
except to the extent required by applicable securities laws. If we
do update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect
to those or other forward-looking statements. For additional
information concerning factors that may cause actual results to
differ from those anticipated in the forward-looking statements and
other risks and uncertainties to our business in general, please
refer to our SEC filings, including our Form 10-K for the fiscal
year ended December 31, 2023. Such filings are available publicly
and may be obtained from our website at www.cbre.com or upon
request from the CBRE Investor Relations Department at
investorrelations@cbre.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240405804573/en/
Brad Burke CBRE-Investors 214.863.3100 Brad.Burke@cbre.com
Steve Iaco CBRE-Media 212.984.6535 Steven.Iaco@cbre.com
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