Cushman & Wakefield has appointed John Forrester, currently Cushman & Wakefield’s global president, as the new chief executive officer (CEO), effective January 1, 2022.
Brett White will remain executive chairman and will continue to lead strategy, M&A and succession planning, alongside 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,” said Brett White, Cushman & Wakefield chief executive officer.
“John is a deeply admired and respected leader both inside our firm and across our industry. His high level of integrity, exceptional work ethic, deep client knowledge and strong global relationships, make him the obvious choice as our next CEO.”
In his current role as Cushman & Wakefield’s global president, Forrester has direct operational and management oversight of all of the firm’s service lines and regions (Americas, EMEA and APAC). He is a member of the global executive committee and global management board.
Forrester joined Cushman & Wakefield predecessor DTZ in 1988, and served as group chief executive, before DTZ’s eventual merger with Cushman & Wakefield in 2015.
“I’m honoured to continue leading this great organization, now as the chief executive. Our people and our brand carry incredible momentum as we continue to lead the industry through this global recovery,” said John Forrester, global president, Cushman & Wakefield.
“In this time of significant innovation and transition in the commercial real estate industry, and the need for relentless focus on operational excellence, there is no question John is the ideal executive to assume the CEO position at Cushman & Wakefield,” said Timothy Dattels, Cushman & Wakefield director and co-managing partner of TPG Capital Asia.