Los Angeles, December 3, 2012 -- CBRE Group, Inc. (NYSE:CBG) today announced that Robert E. Sulentic assumed the position of President & Chief Executive Officer on December 1, 2012. Mr. Sulentic succeeded Brett White, who, as previously announced, retired on November 30, 2012.
Mr. Sulentic also joined CBRE’s Board of Directors, which has expanded to 11 members. Mr. White also remains a member of the Board.
“CBRE is a unique organization, and I am honored to serve as its CEO,” Mr. Sulentic said. “Our Company has many strengths, including our brand, culture, depth of resources and market intelligence, and most of all, our exceptional people. I look forward to working with our talented team to enhance our position across markets and business lines globally, drive growth, and produce excellent outcomes for clients, employees and shareholders.”
Mr. Sulentic most recently served as President of CBRE, where he had direct responsibility for running all business lines and operating segments. He also previously served as Chief Financial Officer, and before that, Group President with responsibility for the EMEA, Asia Pacific and Development Services businesses. Mr. Sulentic joined the Company in 2006 with the acquisition of Trammell Crow Company, where he was CEO at the time of the merger.
Mr. Sulentic is a graduate of Iowa State University (BA) and Harvard Business School (MBA). He also serves on the Board of Directors of Staples, Inc, based in Framingham, MA.
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