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CBRE Changes Corporate Structure, Announces Senior Executive Promotions
Los Angeles-based CBRE Group, Inc. has struck upon a new organizational structure that will become effective January 1, 2019, as well as revealed several senior executive promotions. The company plans to organize operations around, and publicly report its financial results on, three global businesses: Advisory Services; Global Workplace Solutions; and Real Estate Investments.
Mike Lafitte was promoted to Global CEO, Advisory Services, with responsibility for leasing, capital markets, property management, valuation services and local project management service lines across the Americas, Europe, the Middle East & Africa (EMEA) and Asia Pacific (APAC) regions. Additionally, Lafitte will serve as CEO, Americas through the end of 2018.
Jack Durburg, who previously served as Americas CEO, has been promoted to Global Chief Operating Officer, a new position. Durburg will have broad responsibility and authority across the entire company for service line excellence, operating efficiencies and its global client care program. In January 2019, Steven Swerdlow, will be promoted to Group President, reporting to Durburg, and his duties will include responsibility for global research and marketing, and support for worldwide M&A activity in partnership with CBRE’s Corporate Development team.
In January 2019, the CEO roles for the Americas, EMEA and APAC regions will be eliminated, and 12 existing Advisory Services divisional presidents across the globe will be elevated. For the remainder of 2018, CBRE will continue to manage its services business within its existing geographic businesses (Americas, EMEA and APAC).
*Pictured Bob Sulentic, CBRE’s president and CEO
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