Latest Moves Follow Previous Round of Executive Advertising, Reassignments in Early November
From left, inbound Cushman Americas CEO Shawn Mobley; Michelle Hay, worldwide head of personnels and John Forrester, global president.
Credit: Cushman & & Wakefield Cushman & & Wakefield announced today that Tod Lickerman, who was called CEO of the Americas in a significant realignment of the brokerage’s senior leadership just over a year ago, has actually stepped down and will be replaced by Shawn Mobley, who most recently functioned as president of the company’s East Department
The Chicago-based CRE services business also announced the promo of John Forrester to international president and Michelle Hay to worldwide head of human resources.
It’s the most recent of numerous changes to Cushman’s senior management team in the Americas, consisting of the project earlier this month of brokerage and capital markets CEO Joe Stettinius to the position of executive vice chairman, tactical investments, and handing international capital markets and investor services CEO Carlo Sant’Albano the added function of president supervising those functions in the Americas.
The relocations today and earlier in November, which Cushman explained in a declaration at the time as created “to elevate top skill and more carefully line up the company with customer requirements,” come as the third-largest worldwide CRE providers behind CBRE Group, Inc. (NYSE: CBG )and Jones Lang LaSalle (NYSE: JLL) is believed to be checking out a possible initial public offering.
In addition to leading Cushman’s eastern operations and Canada, Mobley also headed the company’s worldwide headquarters office in Chicago and also headed the business’s commercial platform in the Americas.
Forrester’s role as worldwide president will consist of oversight of the company’s four worldwide regions of the Americas, EMEA, APAC, and Greater China. Working carefully with Cushman CEO Brett White, he will be based in London. Forrester previously acted as president EMEA at DTZ prior to the merger with Cushman. He likewise acted as group president of DTZ Holdings PLC and led the formal sale of DTZ to UGL in 2011.
“We are a really different organization to the one we were at merger and as we have actually grown we have actually stayed entrepreneurial and action-orientated.” Forrester said in a declaration early today. “That is very important as the market is altering fast.”
Lickerman “has actually decided to leave the business to pursue other profession interests,” the business said today. “The firm is appreciative for his contribution to the business.”
Lickerman could not be grabbed comment. A post on his LinkedIn profile, which has given that been removed, read “After 4 excellent years helping to lead DTZ and Cushman & & Wakefield, I more than happy to state that I’m taking a well made break.”
Lickerman, who formerly worked as president for JLL’s Corporate Solutions group in the Americas, took control of as DTZ’s president in 2013 and ended up being worldwide CEO when DTZ merged with Cassidy Turley. He acted as global president of Cushman & & Wakefield, reporting to Chairman and CEO Brett White prior to being moved to Americas CEO last fall.
The previous Cushman statement in early November also consisted of an expansion and adjustment of management roles in Cushman’s western U.S. operations. Cushman promoted Executive Handling Director and Regional Handling Principal for Greater Los Angeles/Orange County Andrew McDonald to work as president of Cushman & & Wakefield’s West Area.
The company reassigned West Area President Mike Smith to the position of handling principal in San Diego and Mexico, where he will be accountable for recruiting and supporting talent and continuing to develop customer relationships. Prior to his role at Cushman, Smith was president of CBRE’s Northwest Area, managing operations of 17 business workplaces across five states.
In addition to Lickerman’s shift from the position of worldwide president to Americas CEO in late October 2016, Stettinius moved into the newly developed position of president, Americas brokerage and capital markets. Formerly, Stettinius had functioned as Americas CEO for DTZ prior to its merger with Cushman & & Wakefield and before that, led Cassidy Turley as CEO prior to its merger with DTZ in early 2015.
An investment group led by Fort Worth, TX-based TPG Group closed the $2 billion purchase of the 100-year-old Cushman in September 2015.
Sant’Albano will retain his role as president of international capital markets and investor services. Formerly, he has formerly held the positions of CEO and chairman of Cushman & & Wakefield, and CEO of Exor, SA, the Italian holding company for the Agnelli family, which sold the company to TPG in 2015. President of Capital Markets and Financier Services Noble Carpenter and Executive Managing Director of International Capital Markets Janice Stanton will continue reporting to Sant’Albano.
As president the West Area, McDonald, who formerly acted as executive handling director and local managing principal for Greater Los Angeles/Orange County, will lead all markets in Arizona, California, Colorado, Nevada, Oregon, Utah and Washington. McDonald started his property career in 1999 as executive assistant to John C. Cushman, III, who opened C&W’s very first Southern California workplaces in the 1960s.
Cushman also promoted Dan Broderick, who takes control of a regional handling principal in Northern California after previously heading Cushman’s seven workplaces in San Diego County and Phoenix. Broderick’s new markets include offices in San Francisco, Oakland, Walnut Creek, San Rafael, Sacramento, Burlingame, San Jose, Palo Alto, Pleasanton and Monterrey/Salinas. He formerly served in management functions at BRE Commercial and Eastdil Guaranteed.