Brett White takes over the reins at CB Richard Ellis.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group Inc announced that its Board of Directors has named Brett White Brett White (born April 8 1982 in Cooma, New South Wales) is an Australian professional rugby league footballer. He plays for the Melbourne Storm in the National Rugby League. , the company's president, to succeed Ray Wirta as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , under a long-established company succession plan. Mr. Wirta, 61, will relinquish his CEO duties following the company's annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on June 2, 2005. He will continue to be a member of the company's Board of Directors and executive committee, and will serve as vice chairman for two years. When Mr. White assumes the CEO duties in June, the positions of CEO and president will be combined. Mr. Wirta and Mr. White have jointly run CB Richard Ellis for several years. "Brett and I have long been planning for this day," Mr. Wirta said. "With our Insignia integration completed and the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. well received by the investment community, now is an opportune time for me to pass the leadership reins." Mr. Wirta joined CB Richard Ellis with the acquisition of Koll Real Estate Services in 1997, and was named the company's CEO in 1999. Mr. White, 45, is a career-long CB Richard Ellis employee who started as a salesperson in 1984 and entered management in 1991. He became Chairman of the Americas in 1999 and was named president with responsibility for the global enterprise in 2001. "Ray and Brett have been a results-oriented management team," said Richard Blum, Chairman of CB Richard Ellis. |
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