JLL Appoints Christian Ulbrich President and CEO; Colin Dyer to Retire
Leadership succession ensures strategic and cultural continuity
CHICAGO AND LONDON, August 24, 2016 - Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that
Christian Ulbrich, who has held the role of President since June, will now also assume the position of Chief
Executive Officer, effective October 1, 2016. Ulbrich will succeed Colin Dyer, who will retire from JLL at the end of
2016 and step down from the CEO role on September 30, 2016. To ensure a smooth transition, Dyer will continue to
guide the company’s data, information and analytics priorities through the end of 2016. He also will remain on the
Board of Directors through the Annual Shareholders Meeting in spring of 2017 and serve as an adviser through
As President and CEO, Ulbrich will have overall leadership responsibility for JLL’s strategic
direction and growth. He will report to the Board of Directors, on which he serves as an executive
member. He also will chair the company’s Global Executive Board, the most senior internal
management committee, on which he has served for eight years.
Ulbrich joined JLL in 2005 as Managing Director of JLL Germany and served as EMEA CEO since
2009 before being named President. Under his leadership, JLL prospered in EMEA, outperforming
challenging economic conditions by nearly tripling revenue and adding such services as the Tetris design and fit-out
subsidiary and residential consultancy.
Ulbrich’s extensive real estate and finance background before joining JLL includes serving as CEO of the HIH group
of companies headquartered in Hamburg, Germany, and part of M.M. Warburg Bank, and holding various positions
within German and international banks. He is a member of the Board of Directors of Vonovia SE, Germany’s largest
residential real estate company, and holds a Diplom Kaufmann degree in Business Administration from the
University of Hamburg.
“Working closely with Christian since he joined JLL, I know firsthand his deep understanding of
global real estate dynamics and ability to lead across wide and diverse geographies,” said Dyer.
“With his guidance and our strong management team, JLL will continue to grow and prosper.”
Under Dyer’s leadership since 2004, JLL’s revenues grew more than five times - to $6 billion -
through 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.
“The Board of Directors is very grateful for Colin’s extraordinary leadership and service to JLL over the past 12
years,” said Sheila Penrose, Chairman of the 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
Penrose continued: “The Board has worked with Colin on a comprehensive and robust succession process,
culminating in Christian’s selection as CEO. We look forward to Christian’s leadership of JLL’s strategy, operations
and corporate culture, building on a strong company legacy.”
Ulbrich said: “Colin’s impact on JLL has been 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 last 12 years; continue our commitment to integrity, diversity and sustainability; and underscore
our leadership position in the digital revolution.”
+44 (0)20 7852 4430
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.