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Clayco Taps Former World Business Chicago CEO to Lead Growth

Clayco, a full-service real estate, architecture, engineering, design-build, and construction firm, has hired business executive Michael Fassnacht as president of the Chicagoland region. He will also serve as the company’s first-ever chief growth officer. Fassnacht will oversee all aspects of the Chicagoland operations, including business development, marketing, and sales.

Fassnacht is a German native with nearly 20 years of experience in Chicago, first as the CEO of one of the largest global advertising firms, Foote Cone & Belding (FCB), and most recently as the first-ever Chief Marketing Officer for the City of Chicago and the CEO of World Business Chicago, the city’s economic development entity.

Fassnacht started his career at Lufthansa Airlines in Frankfurt, Germany, and then launched a marketing tech firm in the early 2000s in Silicon Valley. He moved to Chicago in 2006 to lead a tenure at FCB, increasing its revenue above market growth ten years in a row.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.