JLL has appointed a new global CEO to succeed Colin Dyer, who will step down from the role at the end of September after more than 10 years.
Christian Ulbrich, who has held the role of President since June, will take over from Mr Dyer effective October 1.
In the role he will have strategic responsibility for the company, reporting to the board of directors and chairing the global executive board.
Mr Ulbrich joined the company in 2005 a managing director of JLL Germany, having previously served as CEO of the HIH group of companies headquartered in Hamburg, Germany, and part of M.M. Warburg Bank, as well as holding various positions within German and international banks.
Mr Ulbrich will have overall leadership responsibility for JLL’s strategic direction and growth, citing digital strategy as a particular focus.
“In my new role, I intend to build on the platform of profitable and resilient growth that we have maintained in the last 12 years; continue our commitment to integrity, diversity and sustainability; and underscore our leadership position in the digital revolution,” Mr Ulrich said.
Mr Dyer praised the decision to appoint Mr Ulbrich as his successor, stating that his depth of experience would serve the company well.
“Working closely with Christian since he joined JLL, I know firsthand his deep understanding of global real estate dynamics and ability to lead across wide and diverse geographies,” he said.
“With his guidance and our strong management team, JLL will continue to grow and prosper.”
Sheila Penrose, Chairman of the Board, praised Mr Dyer’s contribution to JLL since he was appointed to the role in 2004.
“The board of directors is very grateful for Colin’s extraordinary leadership and service to JLL over the past 12 years,” Ms Penrose said.
Mr Dyer will continue to guide the company’s data, information and analytics priorities through the end of 2016.
He also will remain on the board of directors through the annual shareholders meeting in spring of 2017 and serve as an adviser through 2017.
“He has represented JLL on the global business stage, developed a stellar client base and a strong leadership team, and delivered significant shareholder value. We also appreciate his commitment to ensure a smooth and thoughtful transition by remaining engaged with the board and the company,” Ms Penrose added.
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