CBRE Update 11/17/23

CBRE’s Board Appoints CEO Robert Sulentic as Board Chair

CBRE Group, Inc. (NYSE:CBRE) today announced that its Board of Directors has appointed Chief Executive Officer Robert Sulentic to the additional role of Chair of the Board of Directors, effective immediately.

Mr. Sulentic, who has served as President and CEO of CBRE since December 2012, succeeds Brandon Boze, who has served as Chair since May 2018 and will remain on the Board. Shira Goodman, former Chief Executive Officer of Staples, Inc. and a Director since May 2019, has been appointed Lead Independent Director.

Mr. Sulentic has partnered closely with Mr. Boze as Board Chair over the past five-plus years to drive strategic, operational and financial gains across the company.

“CBRE is well served by Bob’s appointment to Board Chair,” said Mr. Boze. “He is an exceptional executive who has led CBRE to significant growth and strong shareholder returns, an enhanced global industry leadership position, markedly strengthened balance sheet and improved employee engagement. I am pleased to hand the Chair responsibilities to Bob, who has repeatedly demonstrated that he is well placed to lead us forward, and Shira will be a highly effective Lead Independent Director, who will leverage her broad experience and knowledge of CBRE.”

“Unifying the CEO and Chair roles will enable us to build on the company’s many accomplishments and drive its long-term strategy. I look forward to working even more closely with Bob in the years ahead,” said Ms. Goodman, whose background at CBRE includes serving as Chair of the Audit Committee and Compensation Committee member.

“I am honored to assume the added responsibilities as Board Chair,” Mr. Sulentic said. “I want to thank Brandon for his strong contributions as Board Chair and look forward to Shira’s seasoned counsel as Lead Independent Director as well as the assistance of the entire Board as we position CBRE for the future.”

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