Gunjan Soni to Join CBRE Group Board of Directors

Rhea-AI Summary

CBRE Group announced the appointment of Gunjan Soni to its Board of Directors, effective July 15. Soni, currently the CEO of Zalora and COO of Global Fashion Group, brings extensive experience in technology and international business. Her addition is expected to enhance CBRE's digital enablement and global growth strategies. Soni has over 20 years of experience, having held executive roles in India and Singapore, and has been recognized by Fortune Magazine’s “40 under 40” in India. CBRE, a Fortune 500 and S&P 500 company based in Dallas, is the largest commercial real estate services firm worldwide.

Positive

• Gunjan Soni's technological expertise may enhance CBRE's digital enablement strategies.
• Soni's international experience aligns with CBRE's global growth objectives.
• Her background in e-commerce and strategy could bring innovative insights to CBRE's operations.

Negative

• Potential concerns about continuity and experience gaps as Soni transitions from fashion e-commerce to real estate.

DALLAS--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBRE) today announced that Gunjan Soni, a senior executive with deep technology and international business experience, has been appointed to the company’s Board of Directors, effective July 15.

Ms. Soni is chief executive officer of Zalora, the leading fashion e-commerce platform in Southeast Asia, and chief operating officer of its parent Global Fashion Group (GFG).

“Gunjan brings a strong combination of technological enablement expertise and international business experience to our Board,” said Bob Sulentic, CBRE’s chair and chief executive officer. “Her background will be invaluable as digital enablement plays an increasingly key role in driving real estate solutions and our footprint overseas continues to grow.”

“CBRE holds an impressive position in the commercial real estate market,” Ms. Soni said. “I am looking forward to lending my technology expertise and insights as CBRE charts a course for continued global growth and builds on its leadership position.”

Before joining Zalora, Ms. Soni was an executive officer at companies in India and Singapore and a partner at McKinsey & Company. She brings over 20 years of experience in technology, strategy and the Asian business landscape, starting her career as a software engineer. Ms. Soni was named to Fortune Magazine’s “40 under 40” business leaders in India.

A native of India, Ms. Soni resides in Singapore. She holds a BE in computer science from Government Engineering College Bhopal and an MBA from XLRI Jamshedpur.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240708244980/en/

Steve Iaco

Media

212.984.6535

Steven.Iaco@cbre.com

Chandni Luthra

Investors

212.984.8113

Chandni.Luthra@cbre.com

Source: CBRE Group, Inc.

FAQ

Who is the new member of the CBRE Group Board of Directors?

Gunjan Soni has been appointed to the CBRE Group Board of Directors, effective July 15.

What is Gunjan Soni's background?

Gunjan Soni is the CEO of Zalora and COO of Global Fashion Group, with over 20 years of experience in technology and international business.

When will Gunjan Soni join the CBRE Board of Directors?

Gunjan Soni will join the CBRE Board of Directors effective July 15.

How might Gunjan Soni's appointment impact CBRE's digital strategies?

Gunjan Soni's expertise in technology and digital enablement is expected to enhance CBRE's digital strategies.

What are the expected benefits of Gunjan Soni's addition to CBRE?

Gunjan Soni's international business experience and technological expertise are expected to support CBRE's global growth and digital enablement.