JLL Names Larry Quinlan to its Board of Directors

Rhea-AI Summary

Jones Lang LaSalle (NYSE: JLL) announces the election of Larry Quinlan as a non-executive Board member, effective May 26, 2022. Quinlan, former CIO of Deloitte, brings over 33 years of experience in technology strategy, operations, and cybersecurity. He will contribute to the Audit and Risk, and Nominating, Governance & Sustainability Committees. Sheila Penrose, who has served on the board since 2002, will retire. Quinlan's expertise is expected to enhance JLL's technology initiatives. The company reported a revenue of $19.4 billion and has a global workforce exceeding 100,000.

Positive

• Larry Quinlan's election adds significant expertise in technology and cybersecurity to the Board.
• Quinlan's background in overseeing a large IT workforce may strengthen JLL's technology strategies.

Negative

• Sheila Penrose's retirement raises concerns over continuity in long-term strategic direction.

Sheila Penrose to retire from the Board after a distinguished tenure

CHICAGO, May 26, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced that Larry Quinlan was elected to serve as an independent, non-executive member of its Board of Directors at the company's Annual Meeting of Shareholders today. He will serve as a member of the Audit and Risk and Nominating, Governance & Sustainability Committees.

Quinlan is the former Global Chief Information Officer (CIO) for Deloitte, where he had responsibility for the company's technology strategy and operations and oversaw more than 10,000 information technology (IT) professionals in 175 countries. In his more than 33 years at Deloitte, Quinlan led major client relationships and advised company boards and CEOs on a wide range of IT, cybersecurity and digital strategic priorities.

"Larry brings to JLL deep expertise across every facet of the digital and technology transformation journey," said Siddharth N. (Bobby) Mehta, Chairman of the JLL Board of Directors. "His extensive leadership in digital and technology strategy and operations, and cybersecurity, will be invaluable as we continue to grow our JLL Technologies business and support our clients' technology business needs."

Currently, Quinlan serves on the board of ServiceNow. He also is a member of the non-profit boards of KIPP Charter Schools Miami and Easterseals South Florida and co-founded TechPACT, an organization focused on inclusion and equity in the technology industry. He is a frequent speaker on the topics of leadership, information technology transformation and diversity, equity and inclusion.

Quinlan has a Bachelor of Science degree in Industrial Management from the University of the West Indies, a Master of Business Administration from Baruch College and received an honorary Doctor of Laws degree from the University of the West Indies.

In another change to JLL's Board, Sheila Penrose did not stand for re-election. Penrose served as a Director since 2002 and Chairman of the Board from 2005 through 2020.

"On behalf of the Board and JLL, I would like to thank Sheila for her extensive contributions over the last 20 years," said Christian Ulbrich, JLL CEO. "Her broad perspectives, deep insight and leadership as former chairman helped guide JLL's growth and commitment to diversity and inclusion."

Mehta added, "Sheila has served our Board and the company's shareholders with extraordinary commitment, diligence and distinction for which we are incredibly grateful."

In addition to Mehta, Quinlan and Ulbrich, JLL's Board members include Hugo Bagué, Matthew Carter, Jr., Samuel A. Di Piazza, Jr., Tina Ju, Bridget Macaskill, Deborah H. McAneny, Jeetu Patel, Ann Marie Petach and Efrain Rivera.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.

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Contact: Gayle Kantro
Phone: +312 228 2795
Email: Gayle.Kantro@am.jll.com

 

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SOURCE JLL-IR

FAQ

Who is Larry Quinlan and what is his role at JLL?

Larry Quinlan has been elected as an independent, non-executive member of JLL's Board of Directors, effective May 26, 2022.

What experience does Larry Quinlan bring to JLL?

Quinlan has over 33 years of experience at Deloitte as CIO, focusing on technology strategy, operations, and cybersecurity.

Why did Sheila Penrose retire from the JLL Board?

Sheila Penrose did not stand for re-election after serving on the Board since 2002.

How might Larry Quinlan's appointment impact JLL?

Quinlan's extensive knowledge in digital transformation may bolster JLL's technology initiatives and operational strategies.