Jones Lang LaSalle Inc., a global real estate firm based in Chicago, will have new leadership in October.
The company, which goes by JLL and has an office in Stamford which also covers Westchester County, announced on Aug. 24 that CEO Colin Dyer will retire at the end of the year. Christian Ulbrich, JLL president, will serve as CEO and president starting Oct. 1, the company said.
Dyer will step down from the CEO role at the end of September but stay on with the company through the year to guide the company’s data, information and analytics priorities. He also will remain on the company’s board of directors through its annual shareholders meeting in spring 2017 and serve as an adviser through 2017, according to JLL.
As president and CEO, Ulbrich will oversee JLL’s strategic direction and growth. He will report to the Board of Directors and serve as an executive member on the board.
Ulbrich joined JLL in 2005 as managing director of JLL Germany. He assumed the role of president in April.
“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,” Dyer said.“With his guidance and our strong management team, JLL will continue to grow and prosper.”
Dyer has led the Fortune 500 company since 2004. Under his leadership, JLL’s revenues grew more than five times, to $6 billion, and added more than 100 offices and 30 new countries to its geographic footprint, the company said. JLL operates in more than 80 countries and has a property portfolio of more than 4 billion square feet.