In his introduction, Schein noted that Mosler would be taking the reins at Cushman & Wakefield as of Jan. 1, 2005, after being president of US operations for the firm since 2000. "What changes can we expect to see in 2005 and beyond for the company?" Schein asked.

Before describing his plans for the company, Mosler first lauded the outgoing president and CEO Arthur J. Mirante II, who has been at the helm for 20 years. "It's impossible to fully appreciate the impact my friend and mentor has had on this company," Mosler said. "He made it a global company."

Mosler emphasized that it was his job now to continue the company's globalization by expanding Cushman & Wakefield further in markets worldwide, specially mentioning the Pacific Rim, though not excluding any potentially profitable part of the world. "The opportunities are still plentiful, and we still believe in expanding our global reach," he noted.