{"id":1004121536,"date":"2015-06-19T06:11:09","date_gmt":"2015-06-19T14:11:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004121536"},"modified":"2022-12-05T07:11:33","modified_gmt":"2022-12-05T15:11:33","slug":"colliers-restructures-at-the-top","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-restructures-at-the-top\/","title":{"rendered":"Colliers Restructures at the Top"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004121537\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Jay-Hennick-FirstService-Colliers.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004121537\" data-attachment-id=\"1004121537\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-restructures-at-the-top\/jay-hennick-firstservice-colliers-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Jay-Hennick-FirstService-Colliers.jpg\" data-orig-size=\"363,336\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 7D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1392118500&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;85&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Jay Hennick FirstService  Colliers\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jay Hennick &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Jay-Hennick-FirstService-Colliers.jpg?w=363\" class=\"size-thumbnail wp-image-1004121537\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Jay-Hennick-FirstService-Colliers.jpg\" alt=\"Jay Hennick \" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004121537\" class=\"wp-caption-text\">Jay Hennick<\/p><\/div>\n<p>Colliers International Group Inc. has named Jay Hennick as its new chairman &amp; CEO, following the resignation of Douglas Frye from the CEO position.<\/p>\n<p>Hennick founded FirstService Corp., the former parent company of Colliers International, in 1989, and served as its CEO until earlier this month when he led the separation of FirstService into two publicly traded companies.<\/p>\n<p>\u201cIn some respect it\u2019s not a new position. FirstService has owned Colliers since 2004 and we have executed a strategy of internal growth and acquisition virtually from the time we entered the commercial real estate space,\u201d Hennick told <em>Commercial Property Executive<\/em>. \u201cWe feel that we have great experience and a tremendous track record of both strong internal growth and acquisition, but also think we understand the key characteristics and features that drive the growth of the business and so it\u2019s not new for us.\u201d<\/p>\n<p>Colliers also named Dylan Taylor as president to go along with his already-owned chief operating officer title.<\/p>\n<p>\u201cDylan has been COO for almost 18 months, running operations of business on a global basis, so we attached the title of president on him because that has a pretty clear role and responsibilities and similar to what we had at FirstService,\u201d Hennick said. \u201cDylan is a star and I think with the combined team of Dylan Taylor, John Frederickson (long-time CFO) and hopefully myself, we will have a very strong team in an industry ripe for consolidation. There are so many opportunities to grow and continue to grow for years and years and years in this exciting industry.\u201d<\/p>\n<p>According to Hennick, the resignation of Frye came as something of a surprise to the company.<\/p>\n<p>\u201cDoug has been a 12-year veteran of Colliers and has done a very nice job as the company grew, but this was a natural inflection point going public, and that\u2019s why it made sense for him to resign,\u201d he added. \u201cWe have a strong management team in place so I don\u2019t see any further changes.\u201d<\/p>\n<p>Looking ahead, Hennick said the company\u2019s growth strategy will remain intact; a balance of strong internal growth augmented by strategic acquisitions as it continues to enhance its global platform in key markets around the world.<\/p>\n<p>Colliers global revenue exceeded $2.3 billion (including affiliates) in 2014 and the company was ranked fifth among the top 100 outsourcing firms by the International Association of Outsourcing Professionals for the 10th consecutive year, also receiving the highest ratings for service delivery excellence.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid a surprise CEO resignation, Colliers International has tapped the founder of its parent company as the new replacement.<\/p>\n","protected":false},"author":451,"featured_media":1004121537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742],"tags":[],"class_list":["post-1004121536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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