Cushman & Wakefield’s global president, John Forrester, will become the firm’s CEO on the first day of 2022.
The news comes as Cushman & Wakefield announces a 29% lift in revenues to $2.2bn, and a rise in EBITDA of 85% to $219.9m.
Forrester will take over the reins from Brett White, who will remain executive chair, a role he’s held since 2015.
White said he will continue to lead strategy, M&A and succession planning alongside Forrester. Prior to joining Cushman & Wakefield, White had a 28-year career with CBRE, serving as CEO from 2005 to 2012 and president from 2001 to 2005.
Current CEO White said: “I began my work here as executive chairman and, given the firm’s strong performance and bright future, now is the right time for me to return to that role.”
He added that Forrester was “the obvious choice as our next CEO”.
Forrester joined Cushman & Wakefield predecessor DTZ in 1988, and served as group chief executive before DTZ’s eventual merger with Cushman & Wakefield in 2015.
Forrester said that he was “honoured to continue leading this great organization”. “Our people and our brand carry incredible momentum as we continue to lead the industry through this global recovery,” he said.
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