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CB Richard Ellis Group, Inc.’s Gil Borok Named Chief Financial Officer of the Year by the Los Angeles Business Journal

Los Angeles – September 8, 2011 – CB Richard Ellis Group, Inc. (CBRE) Chief Financial Officer Gil Borok has been named the 2011 Chief Financial Officer of the Year in the large public company category by the Los Angeles Business Journal (LABJ).

“Gil took the CFO reins just as our company emerged from the 2008/early 2009 severe global economic downturn,” said Brett White, Chief Executive Officer, CB Richard Ellis. “Gil has played an invaluable role in helping the company to not only weather the downturn, but emerge in a stronger financial position during the recovery. With Gil’s help, CBRE continues to be the industry’s most profitable firm across market cycles. We are tremendously proud of Gil and his accomplishments.”

Mr. Borok is a veteran financial executive with a comprehensive background in management, including Big 4 public accounting experience. This background includes leadership in multidivisional, international operations with a solid knowledge of strategic planning, U.S. GAAP and SEC compliance, business development, profitability and cost improvement, investor relations, acquisitions and dispositions.

Before being named CFO in early 2010, Mr. Borok held several senior-level positions within CBRE’s Corporate Finance team, including Global Controller and Chief Accounting Officer.

Prior to joining CBRE in 2002, Mr. Borok held several positions with progressive responsibility at Dole Food Company, Inc., including Vice President, Controller and Chief Accounting Officer. Mr. Borok began his career with Arthur Andersen where he was a Manager in the Commercial Audit Division in Los Angeles.

Mr. Borok holds a Bachelor of Arts from the University of Pittsburgh and a Masters of Business Administration from the Anderson School of Management, University of California, Los Angeles. He is a Certified Public Accountant in the State of California.

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 2010 revenue). The Company has approximately 31,000 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. Please visit our website at

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