Dyer Stepping Down as JLL CEO

Ulbrich joined the company in 2005 as managing director of JLL Germany.

CHICAGO—Colin Dyer is stepping down as CEO of JLL at the end of next month, the company said Wednesday. Dyer will be succeeded as CEO by Christian Ulbrich, who has held the title of president since June. Ulbrich, who joined JLL in 2005 as managing director of JLL Germany, will have overall leadership responsibility for the company’s strategic direction and growth as president and CEO, and will also chair its global executive board. For his part, Dyer, who will retire from JLL at the end of 2016, will continue to guide the company’s data, information and analytics priorities through year’s end. Under Dyer’s leadership since 2004, JLL’s annual gross revenues increased fivefold to $6 billion for 2015, via organic growth, over 80 strategic acquisitions across the globe and the addition of more than 100 offices and 30 new countries to its geographic footprint. Last year, the company completed $138 billion in sales, acquisition and finance transactions; its property management portfolio stands at four billion square feet globally. Its investment management arm, LaSalle Investment Management, has $59.1 billion of real estate assets under management. “The board of directors is very grateful for Colin’s extraordinary leadership and service to JLL over the past 12 years,” says Sheila Penrose, chairman of JLL’s board. “He has represented JLL on the global business stage, developed a stellar client base and a strong leadership team, and delivered significant shareholder value. We also appreciate his commitment to ensure a smooth and thoughtful transition by remaining engaged with the board and the company.” Ulbrich calls Dyer’s impact on JLL “significant. He has steered the evolution into a truly global company and consistently exemplified JLL’s culture of excellence, ethics and teamwork for employees, clients and shareholders. In my new role, I intend to build on the platform of profitable and resilient growth that we have maintained in the past 12 years; continue our commitment to integrity, diversity and sustainability; and underscore our leadership position in the digital revolution.” Dyer expresses confidence that with Ulbricht’s “guidance and our strong management team, JLL will continue to grow and prosper.”