Last week consumer product behemoth P&G announced that the board booted CEO Robert MacDonald, and replaced him with the former chief executive, 66-year-old A.G. Laffley. Under his watch, MacDonald produced poor performance and a string of defections from the company's executive ranks. Laffley was brought back because there were no internal candidates who are ready for the top spot. I find it amazing that large global corporations cannot get their act together and produce an ongoing and effective succession plan that provides internal alternatives to replace a departing chief executive. Alas this is not unique to P&G. All too often, we observe that companies trumpet that they have a succession program only to find that when the need arises, the board goes outside to fill the CEO's shoes. Succession planning is singularly the most important role of the board, but often under the influence of a strong CEO who figures he or she is there for the duration, succession planning is relegated to a lower priority.
ROSS STORES, INC.
VP, Corporate Properties
(PLEASANTON, CA) The VP, corporate properties will support the operational and strategic property activities associated with the North East buying offices. Responsibilities include: internal relationship management, external vendor management, space planning, project management, facility management, budget preparation, cost management, workplace safety and operational efficiencies.
HEALTHCARE TRUST OF AMERICA
Property Manager
(SCOTTSDALE, AZ) The position will be responsible for the successful day-to-day financial, administrative and maintenance operation of multiple healthcare related properties within a region while assuring the company's standards are achieved and excellent customer service is delivered. The property manager will work closely with management to determine portfolio operating objectives and plans to achieve them.
MASSEY KNAKAL REALTY SERVICES
First Vice President of Sales: New Jersey
(NEW YORK CITY) Duties include business development; specializing in direct sales of investment properties/spaces; acting as the territory expert; exclusively representing the seller/landlord/owner (i.e. for sales); generating and presenting for exclusive listings; investment property analysis/underwriting; building networking and referral system; establishing long lasting client relationships; knowing and tracking all variables of sub market including: property owners, buyers/sellers, past/current/average prices, annual property sales, factors affecting value and how transactions are being structured, and all buildings in territory, etc.
GAP INC./GAP BRAND
Senior Analyst, Real Estate Finance
(SAN FRANCISCO) The senior analyst will develop real estate market plans for specific geographic regions, including recommendations on store closures and potential new store locations. In addition, this individual will provide financial analysis for all real estate activity including lease actions, new stores, downsizes, consolidations etc. Specific duties include partnering with business partners including real estate reps, Gap Field, construction, visual and store design to inform investment recommendation; presenting business case recommendation on all real estate activity to leadership; serving as single point of contact for brand for regional projects; and ensuring that real estate decisions are made in accordance with timelines.
DDR
Leasing Director
(TAMPA, FL) The position will negotiate new leases and renewals; lease assignments and amendments for assigned region and/or accounts; participate in marketing campaigns and promotions for attracting and retaining tenants to minimize vacancies and improve tenant mix; and preparing forecasts and maintains budget to maximize overall profit. In addition, this position will negotiate leases for properties in assigned region including new leases, lease renewals, assignments and amendments in accordance with established procedures and tenant requirements; work with legal department, tenant coordination, development department, and joint venture partners as required; and maintain system by entering leasing information for final approval.
CUSHMAN & WAKEFIELD
Financial Associate - Real Estate/Capital Markets
(ATLANTA) The financial associate is a key member of Cushman & Wakefield's Capital Markets Group who works closely with the team's office, industrial, and retail brokerage professionals to support all phases of the investment sales business, including preparing detailed financial analysis/valuations, preparing proposals for new business opportunities, and creating offering materials for new assignments.
CBRE
Marketing Director
(CHICAGO) Primary responsibilities include developing and implementing marketing policies and activities such as market research, advertising and promotion, new business development, and strategy; responding to and resolves strategic marketing-related questions and disputes escalated by the field manager(s); traveling to field offices for on-site marketing training and education sessions; conducting quarterly conference calls to present latest marketing tools and resources; monitoring marketing materials for brand compliance, quality, and consistency; contributing marketing materials to CBRE library; and analyzing commercial real estate trends and consults trade journals to monitor market trends and determine market opportunities for new business.
NORTHMARQ CAPITAL
Senior Investment Analyst
(NEWPORT BEACH, CA) NorthMarq Capital is seeking a senior investment analyst to support key production personnel in the Newport Beach, CA office. This position is best suited for someone who has worked in the real estate services industry and has a desire to rapidly move into a production role within one-two years. As such, the position will essentially be a mentorship and afford the individual the opportunity to work with producers who are at the top of the industry, in Southern California.
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CBRE GROUP
(LOS ANGELES) CBRE Group, Inc. announced that Ed Schreyer has been promoted to president, agency brokerage | asset services for the Americas. He will direct CBRE's commercial real estate management services in the Americas while also continuing to lead the firm's agency brokerage practice.
BALLARD SPAHR
(PHILADELPHIA) Bart I. Mellits, who represents clients nationwide in real estate leasing, acquisition, development, and financing transactions, became Chair of Ballard Spahr's acclaimed real estate department. He has held a variety of leadership positions at the firm, serving as vice chair of the real estate department and a member of the firm's elected and expanded boards.
GEBROE-HAMMER ASSOCIATES
(LIVINGSTON, NJ) – Gebroe-Hammer Associates, a regional multifamily investment brokerage firm, has named David Oropeza and Joseph Brecher as managing directors. In their new role, the long-time Gebroe-Hammer professionals will continue to contribute toward the firm's business throughout the New Jersey, New York and Pennsylvania markets.
HOWARD ECKER + CO.
(NEW YORK CITY) Howard Ecker + Company, a national commercial tenant representation company, announced that Pamela Parasugo has been appointed to chief operating officer. Parasugo joined Howard Ecker + Company's New York office in 2010 and previously served as a vice president, specializing in commercial lease transactions.
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COLLIERS INTERNATIONAL
(HOUSTON) Colliers International | Houston announced the addition of Walter Menuet as senior vice president of its industrial division. Menuet was a 25-year veteran of Vantage Houston, a division of the Vantage Companies, a Dallas based developer of commercial real estate since 1959.
LOWE ENTERPRISES
(WASHINGTON, DC) Laurence A. Welsh has joined Lowe Enterprises Real Estate Group as senior vice president to lead the firm's commercial real estate activities in the Washington, DC Metro area. He was formerly a vice president at Falcon Real Estate.
SRS REAL ESTATE PARTNERS
(DALLAS) SRS Real Estate Partners (SRS) is proud to welcome two new hires in marketing for the Atlanta and Denver offices. Challotine Cius and Kelsey Madson have joined the team as marketing coordinators and will be responsible for executing the national and local marketing strategies. Cius previously was self-employed at Deloude LLC where she worked as an administrative and business subcontractor for four years. Madson joins SRS from Black Events & Marketing in Sioux Falls, SD.
USAA REAL ESTATE CO.
(SAN ANTIONIO) Real Estate Co. named Thomas V. Bermingham managing director of investments, overseeing acquisition, development and joint venture opportunities for USAA Real Estate Co.'s newly opened Northeast regional office, located in New York City. Most recently, he served as senior vice president of Patrinely Group, an affiliate of Crimson Real Estate Fund LP (CREF), leading its acquisition team and supervising development in the Northeast region.
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