JLL has appointed Christian Ulbrich as its new chief executive, replacing Colin Dyer.
Ulbrich had already been appointed president earlier this year, managing each of the company’s regions across the world.
From February: JLL announces leadership shake-up
He will take over as chief executive on October 1, as well as continuing as president.
Dyer will step down on September 30 and retire from JLL at the end of 2016, but will remain on the board of directors until the annual shareholder’s meeting in the spring and then stay as an adviser throughout 2017.
Ulbrich joined JLL in 2005 as managing director of JLL Germany.
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.”
Ulbrich said: “Colin’s impact on JLL has been significant. He has steered the evolution into a truly global company and consistently exemplified JLL’s culture of excellence, ethics and teamwork for employees, clients and shareholders.
“In my new role, I intend to build on the platform of profitable and resilient growth that we have maintained in the last 12 years; continue our commitment to integrity, diversity and sustainability; and underscore our leadership position in the digital revolution.”
