CBRE Overhauls Leadership, Business Segments

CBRE Streamlines Leadership and Reports Changes in Business Segments

CBRE Group, Inc. has just announced a significant change in its leadership structure as part of its efforts to streamline the oversight of its real estate services business segments. The company's Chief Operating Officer, Vikram Kohli, will now directly oversee the two real estate services business segments – advisory services and global workplace solutions (GWS). This change in leadership aims to bring the segments closer together from both client-facing and cost efficiency perspectives.

In addition to assuming oversight of the two business segments, Mr. Kohli will continue to oversee the leaders of CBRE’s digital & technology and research teams.

As a result of these changes, Jack Durburg, who previously served as CEO of Advisory Services, will now exclusively lead the U.S. and Canada advisory business. Chris Kirk, the former COO of Advisory, will now lead the international advisory business. Both executives will report to Mr. Kohli.

Furthermore, Chandra Dhandapani, who served as CEO of GWS, will transition her responsibilities and then leave CBRE on September 8, 2024. Following her departure, the leaders of the GWS enterprise and GWS local businesses will report to Mr. Kohli.

It is worth noting that CBRE's advisory and GWS segments will continue to be reported as separate segments despite the closer alignment under Mr. Kohli's leadership.

These changes come as CBRE aims to bring greater focus and impact to its business operations, positioning the company to deliver superior integrated client solutions.

CBRE Group, Inc. is a Fortune 500 and S&P 500 company headquartered in Dallas and is the world’s largest commercial real estate services and investment firm based on 2023 revenue. The company has more than 130,000 employees serving clients in over 100 countries, offering 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. Following these announcements, the company's shares moved 0.7%, and are now trading at a price of $96.14. Check out the company's full 8-K submission here.

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