Los Angeles, CA – August 21, 2009 — CB Richard Ellis Group, Inc. (CBRE) today announced that William Concannon has been appointed President, Global Corporate Services (GCS). Mr. Concannon is charged with continuing the strong growth of this business, which has underpinned the Company’s revenue diversification strategy. He succeeds Mike Lafitte, who has been named President, Americas.
Mr. Concannon is a longtime senior leader of the Company’s GCS Group, most recently serving as its Vice Chairman. GCS provides integrated real estate outsourcing solutions on a contractual basis to multinational corporations, the healthcare industry, and the public sector worldwide. In 2009, CBRE was recognized as a top-ten Global 100 Outsourcing firm by the International Association of Outsourcing Professionals for its accomplishments in this area.
Mr. Concannon has been instrumental to GCS’s success. He has led the Group’s strategic services and consulting practice and overseen all business development efforts, playing a leading role in the strong expansion of the Group’s global client base. Over the past two and a half years, the Company has added 75 new GCS clients, including Pepsico, ADP, the FDIC, Ontario Realty Corporation and the State of Michigan, and expanded its service offering for 62 existing contractual clients, including Bank of America, Sprint, Cisco, and Cigna.
In his new role, Mr. Concannon will be responsible for the Group’s overall operations globally, which encompasses delivery of all services to CBRE’s GCS client base, including facilities management, transaction management, project management and strategic services and consulting.
"Bill is a natural leader and the obvious choice to ensure the continued strong growth of our GCS business," said Cal Frese, CBRE’s Global Chief Operating Officer. "He is a pioneer in the corporate services field with intimate knowledge of client needs and CB Richard Ellis Press Release August 21, 2009 Page 2
opportunities. Our GCS clients and employees alike are in good hands with Bill at the helm."
Mr. Concannon joined CBRE in December 2006 with the acquisition of Trammell Crow Company (TCC). In 1991, he launched TCC’s Corporate Services business, and built it over more than a decade into an industry leader in providing real estate outsourcing services to corporate, healthcare and public-sector clients. Mr. Concannon began his career at TCC in 1986, and served on the firm’s Board of Directors for 15 years prior to its acquisition by CBRE.
He holds a bachelor’s degree in Accounting from Providence College, where he serves on the Board of Trustees. Mr. Concannon also served on the Board of Directors of CoreNet Global. He resides in Dallas with his wife and three children.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company and Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.