C&W appoints Mosler co-chairman of board

According to Cushman & Wakefield, Bruce Mosler, the company's president & CEO since January 2005, has been appointed co-chairman of the board at the firm, alongside John Cushman III. In his new role, Mosler will focus on the firm's global brokerage business, developing major accounts and serving key clients. Mosler will continue to serve on the firm's board of directors. Cushman & Wakefield's board of directors has established a search committee to identify a new CEO, and Mosler will serve as president & CEO until such time as his successor joins the firm The firm has retained Spencer Stuart to assist with the process. "In his new responsibility, Bruce will play a critical role in continuing to enhance the Cushman & Wakefield global brand. He is in a unique position to leverage the firm's vast service offering and talent around the world on behalf of clients," said Carlo Sant'Albano, CEO of EXOR, Cushman & Wakefield's majority shareholder. "Bruce has played a critical role as CEO. Under his leadership, Cushman & Wakefield doubled its revenue from 2005 through 2008. He also enhanced the firm's global platform by diversifying operations both geographically and by service offering. In addition, Bruce has been instrumental in realigning the company in response to the difficult market conditions, and EXOR is committed to supporting Cushman & Wakefield for the long term," Sant'Albano said. "This is the right time to make this move. We have accomplished a number of objectives in the last five years and have weathered the worst of the economic downturn," said Mosler. "This change will allow me to continue to provide strategic direction for the firm, while working directly with clients and having a direct impact on our brokerage business. Both EXOR and I believe that in this role I can have the greatest impact and pursue my passion, interfacing with our major clients," he said. Cushman & Wakefield is the world's preeminent commercial real estate services firm. Founded in 1917, the firm has 230 offices in 58 countries, and more than 15,000 professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants and investors throughout every state of the real estate process. These solutions include helping clients to buy, sell, finance, lease or manage properties across every asset class. The firm also provides valuation advice, strategic planning, research, portfolio analysis, site selection and space location assistance, among other advisory services. To find out more about Cushman & Wakefield, visit www.cushmanwakefield.com.