Cushman & Wakefield Names John Forrester as Next CEO
Forrester will replace current CEO Brett White next year
By Anna Staropoli August 6, 2021 11:37 am
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It’s the end of the second quarter, but Cushman & Wakefield is already looking toward 2022, naming Global President John Forrester as the brokerage’s next CEO.
Effective Jan. 1, 2022, Forrester will replace current CEO and executive chairman Brett White, who has worked at C&W for the past six years, plans to remain as executive chairman — presiding over strategy, mergers and acquisitions, and succession planning — and will work closely with Forrester.
“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,” White said in a statement. He added that Forrester’s “level of integrity, exceptional work ethic, deep client knowledge and strong global relationships, make him the obvious choice as our next CEO.”
Forrester broke into the business in 1988, when he started as group chief executive for DTZ, which merged with C&W in 2015. As the firm’s current global president, he’s been responsible for overseeing and managing three regions worldwide, as well as capital markets, occupier services, and investment management service lines.
“I’m honored to continue leading this great organization, now as the chief executive,” Forrester said. “Our people and our brand carry incredible momentum as we continue to lead the industry through this global recovery.”
C&W’s second-quarter earnings recap also reflected on financial trends. This past quarter saw $2.2 billion in revenue, a 29 percent revenue increase from the same time last year. Fee revenue was similarly better than anticipated.
Anna Staropoli can be reached at astaropoli@commercialobserver.com.
