Real estate consultancy CBRE performs executive shuffle

18 November 2019 3 min. read
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Real estate services, investment and consulting firm CBRE announced several new leadership assignments for key executives, effective January 1, 2020.

“The moves we are making allow us to bring fresh perspective to the leadership of our three business segments, take maximum advantage of the individual strengths and talents of our senior leaders, and position the company for long-term succession,” Bob Sulentic, CBRE’s president and chief executive officer, said.

Bill Concannon, currently global CEO of global workplace solutions (GWS) will take on the newly created role of global group president, clients and business partners. The new client-facing role is part of Concannon’s plan to retire in the next several years. Concannon previously served as president, and before that, vice chairman, of global corporate services.

Jack Durburg succeeds Concannon as global CEO of GWS. CBRE’s GWS business encompasses services such as enterprise facilities management, advisory and transaction services, project management, and management consulting.

Durburg is currently the firm’s global chief operating officer, and before that was CEO for the Americas region, overseeing 33,000 employees and $6 billion in revenues. 

Real estate consultancy CBRE performs executive shuffle

Chris Kirk succeeds Durburg as global COO, while also taking responsibility for marketing, research, and coordination of M&A activities between CBRE’s business units and the corporate development team. Kirk is currently chief executive talent & administration officer, having led the implementation of the company’s recent reorganization and recruited several senior executives.

Kirk previously served as COO and general counsel at Trammell Crow Company, CBRE’s real estate development services subsidiary.

Mike Lafitte (currently global CEO of advisory services) and Daniel Queenan (currently global CEO of real estate investments) will swap roles with each other.

Lafitte was previously global group president, and before that was global COO. Lafitte will bring his extensive experience, deep relationships, and track record of astute investment of CBRE’s capital to his new role at the head of the global real estate investment business. 

Queenan was previously president and COO of CBRE Global Investors, CEO of Trammell Crow Company, and CEO and COO of CBRE’s Asia Pacific business. As head of advisory services, he will oversee units which include advisory & transaction services, asset services, capital markets, local project management, and valuations.

Darcy Mackay, the firm’s chief people officer, will be elevated to the company’s executive committee, reflecting the growing role which talent is playing in CBRE’s success, according to a release from the firm. Prior to becoming chief people officer in January, MacKay was president of global workplace solutions for the US Western region, and before that was COO of advisory & transaction services.

Based in Los Angeles, CBRE is the world’s largest commercial real estate services and investment company by revenue, with 90,000 employees across 480 global offices.