CWK - Cushman & Wakefield CEO Forrester to retire
2023-05-04 16:25:21 ET
- Cushman & Wakefield ( NYSE: CWK ) said Thursday its CEO John Forrester will retire from his role and as a board member, effective June 30.
- Michelle MacKay, current president and COO, has been appointed as CEO as of July 1.
- Forrester will serve as a strategic advisor till December 31.
- Andrew McDonald, president, was named to the expanded role of global president and COO.
- Earlier, Cushman & Wakefield was lowered to Neutral at UBS as CRE fundamentals wane.
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Cushman & Wakefield CEO Forrester to retire