Mark Stupples is leaving his position as chief operating officer at JLL at the end of 2016 after 32 years to set up his own consultancy business.
Stupples is being replaced by Richard Howling from 1 January 2017. An external replacement for Howling’s current role of UK chief financial officer will be finalised soon.
“Stupps”, as he is affectionately known in the industry, was instrumental in the merger and integration of King Sturge, where he was UK managing partner, with JLL in 2011.
A statement from JLL said during the remainder of his time with the firm Stupples will initially focus on transition but move onto “a number of priority projects”. It said “the firm will retain a close relationship with him thereafter through his complementary consultancy business”.
Chris Ireland, chief executive of JLL UK, and a former fellow King Sturge partner, said: “Mark has had an exemplary career in real estate. Initially he joined JP Sturge in 1984 as a graduate, and rose to salary partner with them before the merger with King & Co in 1992. He was appointed as one of the first new King Sturge equity partners in 1995, initially working in the investment department in Bristol and subsequently managing property management across the UK.
“Having led its Bristol office for a number of years, he moved to London in 2002 to take full control of asset management and subsequently became London managing partner, and finally managing partner of King Sturge in November 2008. Today we have Brexit, back then Mark’s baptism of fire was the ‘credit crunch’ which he successfully steered the company through.
“In 2011, he was responsible for leading the legal and integration process surrounding the proposed merger of King Sturge with JLL, with Andy Mottram and Andrew Gould acting for JLL. After the merger he became our UK chief operating officer and, working with Richard Howling, helped transform the UK business supporting Andrew Gould, Guy Grainger and latterly myself as UK chief executive.”
In a note to staff, Ireland said: “I know that there will be plenty of opportunities and parties to follow, but please join me now in thanking Mark for all that he has done for us and wishing him good health and success in the future. Please also congratulate Richard in his new role which will provide continuity through these changes.”
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