CBRE Appoints Vikram Kohli as COO

By Tamara Parker • Monday, April 08 15:30 • Permanent Link

CBRE Group, Inc. (NYSE:CBRE) has announced changes in its leadership structure, with the appointment of Vikram Kohli as the Chief Operating Officer to oversee the company's two real estate services business segments – advisory services and global workplace solutions (GWS). As of September 8, 2024, Chandra Dhandapani, who has served as CEO of GWS, will be leaving the company, and the leaders of the GWS enterprise and GWS local businesses will report to Mr. Kohli.

The company's press release highlights that Vikram Kohli will continue to oversee the leaders of CBRE’s digital & technology and research teams, and the senior executives responsible for leading the advisory and GWS businesses will report to him. This move is intended to align the two segments more closely from both client-facing and cost efficiency perspectives.

To bring greater focus and impact to his efforts, Jack Durburg, who has served as CEO of Advisory Services, will now exclusively lead the U.S. and Canada advisory business, while Chris Kirk, the COO of advisory, will lead the international advisory business. Both executives will report to Mr. Kohli.

CBRE's Chair and CEO, Bob Sulentic, expressed confidence in Vikram Kohli's leadership abilities, citing his exceptional strategic, financial, and digital capability. This strategic realignment is aimed at enhancing connectivity, efficiency, and the delivery of integrated client solutions within the company's real estate services business segments.

CBRE Group, Inc., a Fortune 500 and S&P 500 company, is the world’s largest commercial real estate services and investment firm based on 2023 revenue. It has more than 130,000 employees serving clients in over 100 countries and offers 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. As a result of these announcements, the company's shares have moved 0.5% on the market, and are now trading at a price of $96.6. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.