Cushman & Wakefield names interim CEO to replace Rufrano

New York /
Jun.June 10, 2013 11:00 AM

Glenn Rufrano is out as CEO of Cushman & Wakefield, according to a statement from the commercial real estate services firm this morning.

Carlo Barel di Sant’Albano, international operations chief, has been named “interim CEO,” the statement said. Rufrano will remain on staff “for a transitional period to assist the Board and the senior management team in ensuring a smooth transition,” per the statement from Cushman, and Sant’Albano will continue as chairman of the Board of Directors and CEO of the Europe, Middle East and Africa operations. He officially joined the firm in 2011 from EXOR, the Italian investment company of the Agnelli family that owns Cushman.

Rufrano was the head of an Australian-based owner of shopping centers when he replaced outgoing CEO Bruce Mosler in 2010, as reported by The Real Deal. Sant’Albano, who was a CEO of EXOR at the time, hired Rufrano for the role.

Sant’Albano said Rufrano, who will stay on board for the next month, handled the first steps of the firm’s recovery from the financial crisis admirably.

But now, the firm is moving onto the next phase, he said.

“We need new energy to accelerate growth,” Sant’Albano said. “The time has come and it makes sense to look for a new CEO.” – Mark Maurer


Related Articles

arrow_forward_ios
Cushman & Wakefield CIO Nathaniel Robinson and CEO Brett White (iStock)
Cushman launches $250M SPAC
Cushman launches $250M SPAC
Saadia Group, Lord & Taylor's new owner, will sublet its new headquarters from Cushman & Wakefield. (Getty, RPW Group)
Lord & Taylor owner sublets new Midtown HQ
Lord & Taylor owner sublets new Midtown HQ
Cushman & Wakefield CEO Brett White
Cushman reports 10% drop in revenue in 2020
Cushman reports 10% drop in revenue in 2020
Cushman & Wakefield CEO Brett White, Mayor Bill de Blasio, and Donald Trump, Eric Trump and Donald Trump Jr. (Getty)
Cushman & Wakefield, NYC cut ties to Trump Organization
Cushman & Wakefield, NYC cut ties to Trump Organization
Cushman & Wakefield's Toby Dodd with One Pierrepont Plaza in Brooklyn and One World Trade Center (Photos via Cushman, Brookfield and Pixabay)
Cushman to consolidate its Lower Manhattan and Brooklyn offices
Cushman to consolidate its Lower Manhattan and Brooklyn offices
The discrimination suit filed against Cushman alleges the firm underpaid an employee of color — along with others on his team — compared to white colleagues. (iStock)
Ex-Cushman employee accuses firm of pay discrimination
Ex-Cushman employee accuses firm of pay discrimination
From left: former Vornado CFO Joseph Macnow; ; Howard Hughes Corporation CEO David O’Reilly, former Cushman & Wakefield CFO Duncan Palmer (Photos via Vornado, Howard Hughes, Cushman & Wakefield)
Leadership shake-ups hit Vornado, Cushman & Wakefield and Howard Hughes
Leadership shake-ups hit Vornado, Cushman & Wakefield and Howard Hughes
Cushman & Wakefield CEO Brett White and CFO Duncan Palmer (Photos via Cushman & Wakefield)
Cushman reports $37.3M loss in Q3
Cushman reports $37.3M loss in Q3
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...