Blog Coverage Change of Guard at Jones Lang LaSalle

LONDON, UK / ACCESSWIRE / August 25, 2016 / Active Wall St. blog coverage looks at the headline from Jones Lang LaSalle Inc. (NYSE: JLL) as the company announced on Wednesday, August 24, 2016, that Colin Dyer will step down as CEO on September 30, 2016 as he is retiring from Jones Lang LaSalle (JLL) by the end of 2016. Christian Ulbrich was named as his successor and will take charge as President and CEO from October 1, 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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JLL is a Fortune 500 company offering financial and professional services. It also specializes in commercial real estate services and investment management. JLL has presence in 80 countries through its network of 280 offices and is supported by 60,000 employees. JLL’s LaSalle Investment Management division has $59.1 billion of real estate assets under management.

The predecessor

Colin Dyer had joined JLL in 2004 and had the overall responsibility of guiding JLL’s strategic vision and future growth as well chairing the company’s Global Executive Committee, its most senior internal management committee. Under Dyer’s leadership and guidance JLL’s revenues grew more than five folds to $6 billion. He was instrumental in spreading JLL’s geographic footprint with 80 strategic acquisitions across the globe, and the addition of 100 offices in 25 new countries. Dyer will continue to guide the company’s priorities in data, information and analytics till end of 2016. He continues to be on the Board of Directors up to the Annual Shareholders Meeting of 2017 and also act as an advisor through 2017.

The successor

Ulbrich will take over Dyer’s responsibilities and will be in command of JLL’s future growth. He will also take over from Dyer the position of Chairman of JLL’s Global Executive Committee. He will be reporting to the Board of Directors, where he is already an executive member. Ulbrich joined JLL in 2005 as Managing Director of JLL, Germany and has since been serving various executive positions before being appointed as President in 2009. JLL has prospered under his direction and revenues tripled in spite of difficult economic conditions. He was instrumental in adding new services -Tetris design, fit-out subsidiary and residential consultancy which helped the firm diversify its offerings. Ulbrich brings with him a rich and extensive experience in real estate and finance. Before joining JLL Ulbrich was CEO of the HIH Group of Companies based in Hamburg, Germany and has held several positions in German and international banks. He is a board member of Vonovia SE, Germany’s largest residential real estate company.

Commenting on Ulbrich, Dyer said:

“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. With his guidance and our strong management team, JLL will continue to grow and prosper.”

Stock Performance

The shares of JLL closed at $ 115.89, slightly lower by 0.57% on August 24, 2016. A total volume of 200,809 shares changed hands for the day. The company’s stock price has gained 5.52% in the past one month and 10.85% in the last six months.

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