Cushman & Wakefield Appoints New Board Members

Cushman & Wakefield (NYSE: CWK) has appointed Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024. McPeek brings more than 20 years of executive experience in the financial services industry, having previously served as Chief Financial Officer of Russell Investments and held various roles at Janus Henderson Investors plc, ING Investment Management, and McKinsey & Company. Vennam, on the other hand, brings over 20 years of experience in finance, strategy, and financial planning and currently serves as SVP, Chief Financial Officer of Darden Restaurants, Inc.

The firm reported revenue of $9.5 billion in 2023 across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. This marks a change from the previous period, indicating growth or decline in the company's revenue.

These new appointments fill vacancies left by Tony Miller and Lincoln Pan, who were previously appointed as nominees for director by PAG. As Miller and Pan step down from Cushman & Wakefield’s Board of Directors, the firm expressed gratitude for their partnership and guidance. This change reflects a shift in the composition of the Board of Directors, signaling a transformation in the leadership structure of the company.

As a result of these announcements, the company's shares have moved -0.7% on the market, and are now trading at a price of $9.67. For more information, read the company's full 8-K submission here.

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