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Martin Adds COO to Duties at Jones Lang LaSalle

CHICAGO-Credited with helping improve Jones Lang LaSalle's financial performance in her three years with the company, Lauralee E. Martin now runs day-to-day operations at the real estate service and management firm.

By Mark Ruda | Updated on January 20, 2005

CHICAGO-Three years after joining Jones Lang LaSalle to oversee the company’s finances and information technology systems, Lauralee E. Martin has ascended to chief operating officer as well. She now oversees all day-to-day operations of the real estate service and management firm, reporting to president and chief executive officer Colin Dyer.

“Lauralee has made tremendous contributions as CFO to Jones Lang LaSalle’s financial performance, in terms of delivering shareholder value and reducing our debt,” Dyer says. Before her arrival, Jones Lang LaSalle common stock traded below $20, as the firm grappled with debt and made deep cuts in its payroll. Jones Lang LaSalle shares closed at $36.03 Thursday. “The market has valued our performance and potential as reflected in the share price, and I now see even greater opportunity to add value to our future by focusing on our operating platforms,” Martin says.

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