{"id":1004137798,"date":"2016-02-25T00:00:09","date_gmt":"2016-02-25T08:00:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137798"},"modified":"2020-05-12T00:52:07","modified_gmt":"2020-05-12T08:52:07","slug":"executive-reorganization-positions-jll-for-further-growth","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/executive-reorganization-positions-jll-for-further-growth\/","title":{"rendered":"Executive Reorganization Positions JLL for Further Growth"},"content":{"rendered":"

By Gail Kalinoski<\/em><\/p>\n

\"Colin<\/a>

Colin Dyer of JLL<\/p><\/div>\n

Chicago<\/strong>\u2014JLL<\/a> President & CEO Colin Dyer, who has held the dual titles since 2004, said an executive-level restructuring that will separate the two roles starting June 1 will \u201cposition JLL for even further growth.\u201d<\/p>\n

Saying it was part of a \u201ccomprehensive succession planning process,\u201d JLL announced this week it was promoting Christian Ulbrich<\/a> to president starting June 1. Ulbrich, currently CEO for the EMEA region, will answer to Colin Dyer, who remains CEO.<\/p>\n

Dyer will continue to guide the firm\u2019s global strategy, with an emphasis on IT and data strategies, and oversee LaSalle Investment Management as well as the firm\u2019s finance, human resources, legal and marketing functions.<\/p>\n

Ulbrich, who was also nominated for election in May to the JLL Board of Directors, was appointed CEO of JLL\u2019s German business in April 2005 and became CEO of the EMEA (Europe, Middle East and Africa) region in January 2009. His new role calls for him to manage JLL\u2019s regional businesses in Asia Pacific, EMEA and the Americas, and to focus on driving growth through acquisitions.<\/p>\n

\u201cWith (my) increased focus on data and technology and Christian\u2019s focus on the regions, our ability to respond to and take advantage of the opportunities we see ahead is stronger than ever,\u201d Dyer told Commercial Property Executive<\/em>.<\/p>\n

\"Christian<\/a>

Christian Ulbrich of JLL<\/p><\/div>\n

Also part of the leadership reorganization taking effect June 1 are UK Chief Executive Guy Grainger, who will be Ulbrich\u2019s successor as EMEA CEO, and Chris Ireland, who takes over as UK chief executive. Ireland now serves as UK chairman & lead director of UK Capital Markets. Last week, JLL named Anthony Couse the Asia Pacific CEO as of July 1. Couse, currently the managing director of Shanghai and East China & head of Capital Markets for China, is succeeding the departing Alastair Hughes, who had been with the global commercial real estate services firm for more than 25 years.<\/p>\n

Dyer said the changes \u201creflect the needs of leadership to identify new ways to add value for our clients and reinforce our industry leadership in commercial and digital innovation. They are major moves toward the future leadership of our great company.\u201d<\/p>\n

\u201cI think it shows good governance,\u201d Mitch Germain, a managing director and analyst with JMP Securities<\/a>, told CPE. \u201cIt\u2019s probably a smart decision to make and a good validation of the strength of the company.\u201d<\/p>\n

He said it may make sense for Dyer to spend more time on the strategic direction of the company while allowing someone else to run the regions. Germain said Ulbrich\u2019s experience managing a region, building relationships and responding to customers\u2019 needs makes him a good choice for the new position.<\/p>\n

\u201cThe shifting needs of the customer have probably created a capacity for the firm to have somebody in this role who is responsible now for the regions,\u201d he told CPE.<\/p>\n

Dyer noted in a prepared statement that Ulbrich has \u201cdelivered sustained growth, doubling the region\u2019s revenue and increasing profits more than fourfold. He consistently earns the respect of clients and colleagues, and demonstrates a keen ability to identify future opportunities and embrace change.\u201d<\/p>\n

Analyst Brandon Dobell, a partner and group head of global services at William Blair & Co.<\/a>, said the JLL board is likely preparing for Dyer\u2019s eventual departure and moving the executives into new key positions now as part of a long-term process for possibly choosing a new CEO.<\/p>\n

\u201cColin has been CEO for a long time relative to the other firms (and probably the average CEO tenure) and I\u2019m sure JLL\u2019s shareholders have been asking about succession,\u201d he told CPE.<\/p>\n

JLL is coming off a strong year with record revenue at JLL and LaSalle and 24 acquisitions announced or closed in 2015 for a total of $604 million. One of those deals was for Corrigo Inc., a technology company that is a pioneer in cloud-based facilities management solutions. Corrigo became a wholly-owned subsidiary when the deal closed in December<\/a>.<\/p>\n

\u201cSuperior data, information and analytics capabilities are imperatives for successful real estate firms and their importance will continue to increase over time,\u201d Dyer said of tech deals like Corrigo and the significance of IT and data strategies to the company. \u201cOur exceptional tools and innovative expertise enhance productivity for our firm and our clients, and equip us to make smarter decisions. We already lead the real estate industry in digital innovation and will now further increase our differentiation.\u201d<\/p>\n

Dyer said M&A would remain an important growth strategy for JLL this year.<\/p>\n

\u201cOur investment-grade balance sheet provides flexibility to continue executing transactions that provide strategic value, align with our culture and enhance our ability to provide top-quality services to our clients,\u201d he added.<\/p>\n

Germain agreed, saying the company is \u201cclearly looking to be opportunistic.\u201d<\/p>\n

Dyer, he said, has done \u201ca fantastic job\u201d since taking over as president & CEO in 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"

CEO Colin Dyer spoke to CPE about the company’s recent executive shifts.<\/p>\n","protected":false},"author":1068,"featured_media":1004137799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742,21744],"tags":[],"class_list":["post-1004137798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","category-people"],"acf":[],"yoast_head":"\nExecutive Reorganization Positions JLL for Further Growth - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/executive-reorganization-positions-jll-for-further-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executive Reorganization Positions JLL for Further Growth\" \/>\n<meta property=\"og:description\" content=\"CEO Colin Dyer spoke to CPE about the company's recent executive shifts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/executive-reorganization-positions-jll-for-further-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-25T08:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T08:52:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Colin-Dyer-of-JLL1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"1120\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-reorganization-positions-jll-for-further-growth\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/executive-reorganization-positions-jll-for-further-growth\/\",\"name\":\"Executive Reorganization Positions JLL for Further Growth - 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