Walking Papers - 08.10.2010
The booting of Hewlett Packard’s CEO Mark Hurd has been front page news since the announcement last week. It was a significant story on a number of fronts. First, Hurd was a star by most performance measures, and a favorite of investors. HP was a mess when he arrived, and a market leader on his departure. He did a brilliant job of turning around an ailing technology company, transforming it into a Wall Street darling. However, the board had a tough call to make, and as the facts came to light, it was apparently clear that his indiscretions were serious enough to compel the board to give Hurd his walking papers. It’s tough to fire a CEO, particularly a star, but it is the responsibility of the board, especially in light of questionable activities and serious lapses in his judgment, to make a change. However, don’t feel too badly for Mark Hurd, he departed with a $35-million severance package.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

COSTAR GROUP
Real Estate Economist
(BOSTON) The economist will be responsible for writing clear, concise, and insightful commentary that provide meaningful and actionable analysis for clients; communicate market intelligence and opinions to clients verbally; and give formal market presentations or prepare notes for strategists or senior economists to use in market presentations; among other duties.

NORDBLOM CO.
Investment Analyst
(BURLINGTON, MA) The analyst will support the acquisition, development and asset management teams by preparing extensive financial analysis and market research; prepare financial analysis for a variety of real estate investment opportunities for senior management; and work directly with senior management in all aspects of the investment process including deal sourcing, market research, financing, due diligence and closing; among other duties.

STAN JOHNSON CO.
Lead Broker
(CHICAGO) The lead broker will manage a team of two-to-three brokers that they have hand picked. Lead brokers are responsible for the leadership and bottom-line success of their team; among other duties.

AMB PROPERTY CORP.
Analyst, Transactions
(CERRITOS, CA) The analyst will price real estate; complete discounted cash flow pricing, using Argus and AMB's excel spreadsheet; model development and various joint venture structures; perform “back of the envelope” calculations; analyze and model debt assumptions and tax structures; maintain market comps; and consult with market brokers to validate underwriting assumptions; among other duties.

SELECTLEADERS
Chief Marketing Officer
(NEW YORK CITY) The chief marketing officer will construct and lead the execution of a marketing plan, working closely with colleagues across all of the business units and at all levels of the organization; create supporting platforms for B-2-B and B-2-C marketing programs; and architect a branding strategy and communication programs that can be adapted across verticals and regions; among other duties.

TIAA – CREF
Director – Commercial Mortgage Portfolio Management
(NEW YORK CITY) The director will work independently with loan originators, borrowers, correspondents and counsel to verify that all underwriting and closing requirements are met for each loan originated; monitor property performance, loan compliance, borrower requests, modifications and loan payoffs; and provide ongoing analysis and research, including updates to financial models to update, evaluate and reforecast investment performance; among other duties.

ING CLARION
Portfolio Accountant
(NEW YORK CITY) The accountant will analyze monthly property-level reports including wholly owned and joint venture assets; maintain investment level records and waterfall models for joint ventures; fund properties for operational needs; record quarterly unrealized debt and real estate value changes; and prepare quarterly consolidated reports; among other duties.

SELECTLEADERS
Chief Executive Officer
(FRANKFURT) The CEO will be responsible for ownership, development, operations and management of a diverse retail portfolio based in Europe; among numerous other duties.

No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.

JONES LANG LASALLE
(CHICAGO) Jones Lang LaSalle Hotels is promoting John L. Strauss from EVP to managing director; Fernando Garcia-Chacon from SVP to executive vice president; Amelia Lim from SVP to executive vice president; and Chris Dewey, Justin Epps and Bill Grice from vice president to senior vice president.

CRESAPARTNERS LLC
(BOSTON) CresaPartners LLC is promoting Jim Ricker, vice president of corporate services, to head the firm’s nationwide facilities management services.

MARCUS & MILLICHAP INVESTMENT SERVICES
(DALLAS) Marcus & Millichap is promoting Jason S. Vitorino and Phillip Levy (Dallas); Brandon Michales (Encino, CA); and Douglas Mandel (Fort Lauderdale, FL) from associate vice president investments to vice president investments.

No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.

PINNACLE FAMILY OF COMPANIES
(ORLANDO) Pinnacle Family of Companies is hiring Deanne Davis as vice president of compliance and internal audit. Davis will be based in here and oversee Crest Compliance and internal audit. Davis comes to Pinnacle from Riverstone Residential, where she was EVP of Compliance

AEI CONSULTANTS
(SAN FRANCISCO) AEI Consultants is hiring Gene Belli as vice president.

CB RICHARD ELLIS
(PHILADELPHIA) CB Richard Ellis is hiring Kenneth R. Zirk as SVP of global corporate services.

NORTHMARQ CAPITAL
(ROCHESTER) NorthMarq Capital is hiring Karen Cummings as vice president. Previously, Cummings worked as vice president and team leader of commercial real estate at Citizens Bank.

HOLLIDAY FENOGLIO FOWLER, L.P.
(CHICAGO) Holliday Fenoglio Fowler is hiring Stephen Skok as a managing director in the debt placement group in its Chicago office.

SCEPTRE HOSPITALITY RESOURCES
(DENVER) Sceptre Hospitality is hiring Scott Dahl as vice president of business development.

L&L HOLDING COMPANY, LLC
(NEW YORK CITY) L&L Holding is hiring Laura Yablon as vice president. Yablon was previously a director at Tishman Speyer.