"Tim is a very impactful operating executive who has a deep understanding of our business. He will add energy, focus and sharp thinking to our diversity and inclusion efforts," said Sulentic. "The creation of the chief diversity officer role is a major step in accelerating our progress, particularly in senior leadership and brokerage positions."

"While we have made notable gains in boosting diversity in our company, we know there is more that we must do, particularly with regard to African Americans and other ethnically diverse leaders," Sulentic added.

CBRE has implemented internal diversity and inclusion initiatives and policies, including the following:

• A visibly diverse candidate should be included at the in-person interview stage for all positions at the director level and above.
• The panel of interviewers for all positions at the director level and above should include a visibly diverse interviewer.
• A diversity and inclusion-focused objective is included in all performance appraisals for employees at the director level and above.

The company additionally aims to maintain partnerships and programs that assist in bringing diverse professionals into the industry, through organizations such as HBCUConnect, the Real Estate associate Program and the National Black MBA Association.