Today GE announced that CEO Jeff Immelt is stepping down sooner than his expected departure in December, likely due to investor pressure, even with only three months to go. Jeff has been at the helm for 16 years versus the median for US CEOs who typically turn in their keys in about five years. Obviously there are those who hang on forever, but they are increasingly a minority as shareholders expect tenures to be managed and avoid evergreen administrations.
Immelt is a good example of a CEO who has officiated over a company that has struggled for years, and finally succumbed to pressure from activist Trian Fund Management. Once again, another example of a board that does not manage succession when a company clearly needs fresh leadership and determines how long is too long.
Job Listings
AIMCO
Senior Director of Development
(IRVINE, CA)
Director will oversee aspects of the redevelopment and repositioning of large multifamily properties in the local key target markets with a special focus on a specific target market. In collaboration with the Senior Development Leadership, this individual will have responsibility for the planning, pro-forma modeling, and project management of redevelopment projects for a portfolio of multi-family properties that includes garden-style, mid-rise and high-rise properties. (Sponsored)
ONE WALL MANAGEMENT
Controller
(NEWARK, NJ)
Controller will be responsible for leading the accounting operations of the company, to include the production of periodic financial reports and budgets, maintenance of adequate accounting records, preparation of tax returns and regulatory compliance.
SILVERSTEIN PROPERTIES
Analyst/Associate
(NEW YORK, NY)
Associate will maintain/update Argus and valuation models; review monthly property performance on both a cash and accrual basis; and undertake detailed property-level analyses of prospective leasing deals, tenants/in-place leases, capital projects, operating and financial statements, market and competitive position, real estate taxes, and insurance.
JOHNSON & JOHNSON
Director, E&PS Acquisitions, and Divestitures (Engineering & Property Services)
(NEW BRUNSWICK, NJ)
Position will lead E&PS value delivery for global Johnson & Johnson acquisitions and divestitures. This includes creating an end-to-end E&PS acquisitions and divestitures model and leading its deployment on each deal.
BRIXMOR PROPERTY GROUP
Project Director, Re/Development
(NORTHBROOK, IL)
Project Director will be responsible for directing, developing and implementing redevelopment opportunities, across multiple states within Brixmor's Midwest regional portfolio of approximately 114 open air shopping centers, consisting of approximately 18.6 million square feet.
GREYSTAR REAL ESTATE PARTNERS
Director, Compliance Services
(CHARLESTON, SC)
Position will be responsible for providing strategic direction for the Company's various compliance programs, making recommendations to enhance current assessment models, and support the Compliance leadership team. Additional responsibilities include ensuring compliance with policies and procedures and other governing standards or requirements.
ABBVIE PHARMACEUTICALS
Real Estate Lease Administrator
(NORTH CHICAGO, IL)
Work within the Corporate Real Estate Services department, providing lease administration for a global portfolio of office and manufacturing properties. Additional duties include: interfacing with lease administration service provider to ensure data accuracy; reviewing monthly payment of domestic rents; tracking expirations, renewal options, and generate critical date reporting; and coordinating compliance and annual 10k reporting efforts.
FIFTEEN GROUP
Vice President of Multifamily Apartment Real Estate Asset Management Group
(MIAMI, FL)
Vice President will oversee management of assets to execute business plans and achieve maximum value; and lead all aspects of budgeting, financial forecasts and adjustments to business plans for assigned assets.
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
