Cushman & Wakefield today announced that Bruce Mosler would take over as president and chief executive officer after Arthur Mirante steps down from the role at the end of the year.
The news followed a meeting of the firm’s global directors in New York yesterday. Mosler becomes only the sixth chief executive of Cushman & Wakefield in its 87-year history.
Mirante said: ‘Bruce Mosler came to Cushman & Wakefield seven years ago with a great deal of real estate expertise and leadership ability. Like our global growth, Bruce moving into this new role will be the culmination of a long and carefully managed plan designed to benefit our clients and stakeholders around the world.’
Mosler became president of Cushman & Wakefield’s US operations in 2000 and has been credited with the creation of Concordis Real Estate, the world’s largest minority and female-owned real-estate services company.
Mosler said: ‘Cushman & Wakefield’s strategy is to continue to focus on growth on what we see as explosive growth internationally. At present, Europe is one of the most exciting regions in the world with the emerging markets of Central and Eastern Europe offering significant business opportunities.’
Mirante has headed Cushman & Wakefield for 20-years. He will announce his future plans after Mosler takes control on January 1, 2005. The firm is expected to achieve revenues of $900bn this year from property assignments worth more than £40bn.