Top management changes at JLL were announced this week, with the job of president of the 58,000-strong business going to Christian Ulbrich, 49, the current head of EMEA.
He will report to chief executive Colin Dyer, 63, who is relinquishing the title of president. The former chief executive of textiles company Courtaulds has raised revenues to $6bn (£4.3bn) from $1.2bn since he took over the running of the Chicago-based listed agent in 2004.
Dyer will stay in charge of LaSalle Investment Management, as well as finance, HR and marketing.
German-born Ulbrich, a former banker, joined JLL in 2005 to run its German operations. In January 2009 he became chief executive of EMEA. Since then, he has pushed up revenues to $1.4bn and incorporated King Sturge, bought for £197m in 2011.
“Christian is an excellent choice to be JLL president,” said Dyer. “As EMEA chief executive, he has delivered sustained growth, doubling the region’s revenue and increasing profits more than fourfold.
“He consistently earns the respect of both clients and colleagues, and demonstrates a keen ability to identify future opportunities.”
UK chief executive Guy Grainger, 48, will take Ulbrich’s job. Grainger joined JLL from Churston Heard in 2008 when it bought the 80-strong retail agent. Grainger’s role will go to current UK capital markets chairman Chris Ireland, 58, former joint senior partner of King Sturge.
The changes will be effective from 1 June.
Earlier this month, JLL announced the departure of Asia Pacific chief executive Alastair Hughes. The 50-year-old Scot was head of EMEA until he moved to Singapore to run the Asian business in 2008.
He will be replaced by Anthony Couse, managing director of Shanghai and east China, on 1 July.
