Los Angeles, CA – August 2, 2012 – CBRE Group, Inc. announced today that Mike Gerard has been named President of the company’s U.S. Central Division, a geographic region with more than 25 offices in nine states.
“Mike is a highly accomplished professional who has both a deep understanding of our business and our culture of continuous improvement and excellence in client service,” said Cal Frese, CBRE’s CEO of the Americas. “Mike has routinely distinguished himself as one of our strongest and most effective leaders, and we are pleased to have him leading our Central Division.”
Mr. Gerard has served as Chief Learning Officer since early 2011, with responsibility for CBRE University, and other learning and development programs. Mr. Gerard was instrumental in substantially enhancing the program, offering training and instruction for more than 600 participants. Mr. Gerard will continue to provide executive oversight for CBRE University. Andrea Lipton, Corporate Director of Learning & Development, has been promoted to Vice President and will run the University’s day-to-day operations.
Prior to becoming Chief Learning Officer, Mr. Gerard served as Executive Managing Director with responsibility for CBRE’s Midwest Region, comprising eight offices in five states. He joined CBRE in 2005 as Managing Director of the company’s Detroit office. Mr. Gerard also serves on the Company’s Americas Operating Management Board, a committee of senior executives that helps to set policy, strategic direction and best practices for CBRE’s Americas operations.
With 22 years in the industry, Mr. Gerard is well-versed in all aspects of commercial real estate, and has served as an advisor to major corporations and institutional owners. Prior to joining CBRE, Mr. Gerard was an Executive Vice President and Managing Director with Grubb & Ellis, where he provided guidance on strategic planning, organizational direction, and the pursuit of long-term marketing objectives. Throughout his career he has closed more than 990 lease and sale transactions with an aggregate consideration of over $1 billion.
About CBRE Group, Inc.
CBRE 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 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE 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 Web site at www.cbre.com.