CoreNet Global appoints Ronald P. Zappile as interim CEO

CoreNet Global has announced the appointment of Ronald P. Zappile as interim Chief Executive Officer. "I am delighted to confirm that Ron Zappile has agreed to join CoreNet Global as Interim CEO," commented CoreNet Global Chairman Barry Varcoe. Varcoe indicated Zappile was chosen to fill the interim role due to his senior-leader status in the corporate real estate (CRE) industry, as well as his extensive contributions to the leadership of CoreNet Global.

Zappile was formerly President of United Technologies Realty, Inc. He retired from the position in February 2009 after almost nine years of overseeing the company's worldwide real estate operations and was selected to replace Dr. Prentice Knight, who announced his retirement as CoreNet Global CEO on 23 September 2009.

"Ron has an in-depth knowledge of CoreNet, having only recently rotated off the Global Board of Directors following a three-year term as CoreNet Global's Treasurer," Varcoe said, adding that Zappile's professional career also included serving as Treasurer of Otis Elevator's Pacific Asia Operations, a division of United Technologies, while based in Singapore.

In addition, Varcoe continued, "Ron is still a member of the CoreNet Global Finance Committee so he has a very current knowledge of the issues and challenges facing us. Ron will focus on maintaining the full program of activities that we are currently undertaking, as well as assisting the Global Board in the selection process of a new CEO. It is anticipated that this will be completed in approximately six months."

Zappile commented that the combination of his executive leadership role inside the corporate sector with his service as an officer and member of the board of CoreNet Global provides him with a broad understanding of the association's membership base and the future direction of both CoreNet Global and the CRE industry in general.

"I'm pleased to be able to apply my business experience, knowledge and contacts at a pivotal moment for CoreNet Global," Zappile said. "I'm grateful for current and past opportunities to contribute to our industry and profession in a meaningful way, and this interim assignment takes that opportunity to a whole new level."

Source: FD

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