Colin Dyer to Keep CEO Role after Global CRE Company Splits Roles of CEO, President as Part of its Leadership Succession Planning
|Christian Ulbrich, who has served as CEO of JLL's Europe, Middle East and Africa operations since 2009, will become president effective June 1.|
JLL on Tuesday said that Christian Ulbrich, the head of its Europe, Middle East and Africa (EMEA) division, will be elevated to president of the global real estate services provider after the Chicago-based company decided to separate its two top executive roles as part of its leadership succession planning process.
Colin Dyer, who has held both the president and CEO roles at JLL since 2004, will retain the CEO title and continue to guide the firm’s global strategy, with a particular emphasis on IT and data strategies. Dyer will also oversee JLL unit LaSalle Investment Management, as well as the company’s finance, human resources, legal and marketing functions.
Guy Grainger, who has served as United Kingdom CEO since 2013,will succeed Ulbrich as chief executive of the EMEA division, and Chris Ireland will become UK chief executive. JLL also recently appointed Anthony Couse as Asia Pacific CEO, succeeding Alastair Hughes, who joined the company in 1988.
All the changes become effective June 1 of this year.
"These changes reflect the needs of leadership to identify new ways to add value for our clients and reinforce our industry leadership in commercial and digital innovation," Dyer said in a statement. "They are major moves toward the future leadership of our great company."
Ulbrich, who joined JLL in 2005 as managing director in the company's German operations and has served as EMEA CEO since 2009, will report to Dyer and will also be nominated to JLL’s board of directors at the fiirm's annual shareholders meeting in May. In addition to managing JLL’s three major regional businesses, he will be charged with a particular focus on driving growth through acquisitions.
"As EMEA CEO, (Ulbrich) has delivered sustained growth, doubling the region’s revenue and increasing profits more than fourfold," Dyer said. "He consistently earns the respect of clients and colleagues and demonstrates a keen ability to identify future opportunities and embrace change."