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Susan Meaney Joins CBRE Group, Inc. Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
CBRE Group, Inc. (NYSE:CBRE) announced the appointment of Susan Meaney to its Board of Directors. Meaney, who has extensive experience in real estate investments, previously served as Managing Director at Makena Capital Management and is a founding partner. She will also join the Board's Audit Committee and participate in the upcoming Annual Stockholder Meeting. Brandon Boze, Board Chair, expressed that Meaney's investment-operator mindset will add value to CBRE’s growth strategy in real estate investments. She holds degrees from Stanford University and Dartmouth.
Positive
Susan Meaney's appointment brings extensive real estate investment expertise.
Meaney's background in managing significant real estate portfolios is expected to enhance CBRE's strategic vision.
Her joining the Audit Committee may strengthen oversight and governance.
Negative
Laura Tyson's retirement from the Board could create a gap in experience.
DALLAS--(BUSINESS WIRE)--
CBRE Group, Inc. (NYSE:CBRE) today announced that Susan Meaney has joined the company’s Board of Directors.
Ms. Meaney is an accomplished investor with a deep and varied background in real estate and real assets. She served as Managing Director at Makena Capital Management, where she managed the firm’s real estate and real assets portfolios. She was one of Makena’s founding partners and a member of its Management Committee.
Currently, she serves as a Senior Advisor to KSL Capital Partners, an investor and operator of travel and leisure businesses. She also sits on the Board of Directors of the Hewlett Foundation and KREST (a KKR real estate fund). Earlier in her career, Ms. Meaney was Director of Real Estate and Real Assets Investments for the William & Flora Hewlett Foundation, and prior to that, co-managed the real estate group at the Stanford Management Company. While at Stanford, among other duties, she oversaw the development of more than one million sq. ft. of space in the Stanford Research Park.
Brandon Boze, CBRE’s Board Chair, said: “Susan brings a real estate investor-operator mindset to our Board. Her perspective will be particularly valuable as we accelerate CBRE’s growth across our Real Estate Investments businesses and sustain our market leadership across each of our business segments. We welcome her enthusiastically.”
“As a longtime member of the real estate industry, I’ve had great esteem for CBRE and the platform they’ve built to deliver exemplary services to clients around the world,” said Ms. Meaney. “I’m thrilled to be part of the team and look forward to helping the company continue to raise the standard of excellence for our industry.”
Ms. Meaney will immediately join the CBRE Board’s Audit Committee. She will stand for election at the company’s Annual Stockholder Meeting, to be held later this year. Following the Stockholder Meeting, Laura Tyson will retire from the Board, where she has served since 2010.
Ms. Meaney holds an undergraduate degree, with honors, from Stanford University and earned an MBA from The Tuck School at Dartmouth. She has previously served on the Board of Advisors for the Tuck School at Dartmouth and served on the Dartmouth Investment Committee. Currently, she serves on the Stanford Bing Overseas Study Program Advisory Council and is a Trustee of the Urban Land Institute.
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 2021 revenue). The company has more than 105,000 employees (excluding 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.
Who is Susan Meaney and what is her experience with CBRE?
Susan Meaney joined the CBRE Board with a strong background in real estate investments, previously serving as Managing Director at Makena Capital Management.
What role will Susan Meaney serve on the CBRE Board?
Meaney will join the CBRE Board's Audit Committee and will stand for election at the Annual Stockholder Meeting.
What impact could Susan Meaney's appointment have on CBRE?
Her extensive experience in real estate investments is expected to strengthen CBRE's growth strategy and market leadership.
When will the Annual Stockholder Meeting for CBRE take place?
The exact date for the Annual Stockholder Meeting has not been specified, but it will occur later this year.
