Sulentic Becomes CBRE Group CEO
- Dec 04, 2012
CBRE Group Inc.’s new president and CEO, Robert E. Sulentic, is officially on the job. Sulentic moved up the ladder from his previous job as president and stepped into the shoes of former CEO Brett White, who had announced his impending retirement in May 2012. The transition was a seamless one, with White having formally relinquished the role on November 30 and Sulentic having put on the CEO hat on December 1.
Sulentic has been a member of the CBRE family since 2006, when he came aboard as group president with the merging of Trammell Crow Co. and CBRE. He was tasked with overseeing CBRE’s EMEA and Asia Pacific operations and soon after, he became CEO of the Development Services business. His rise at CBRE continued in 2009, when he was named CFO to help guide the company through the real estate market downturn. His most recent title was that of president, a position in which he spearheaded all of CBRE’s business lines and operating segments.
Now Sulentic is the head of the largest commercial real estate services firm, in terms of 2011 revenue. The role of CEO of a major real estate concern is not a new one for Sulentic; he was CEO of Trammell Crow before its acquisition by CBRE.
In addition to becoming CEO, Sulentic has also joined CBRE’s board of directors, where he will continue his interaction with White, who remains a member of what is now an 11-person group.
The changeover at the top marks the biggest step in CBRE’s current succession planning, which, as a CBRE spokesperson told Commercial Property Executive in July, involves all levels of the organization. The summer brought a slew of promotions. Among them, the naming of Calvin Frese as CEO of the company’s Americas business and the tapping of Mike Lafitte to serve as global president of CBRE Services.
“Our Company has many strengths, including our brand, culture, depth of resources and market intelligence, and most of all, our exceptional people,” Sulentic said in a prepared statement.