Cushman looks outside industry for new CEO
Outgoing Cushman CEO Bruce Mosler and John Cushman, current chairman
In an unusual move for commercial brokerages in New York City, the still-unnamed replacement for outgoing Cushman & Wakefield CEO Bruce Mosler may not have a real estate background, the company told The Real Deal today. The firm announced last month that Mosler would step down Jan. 1, 2010 as president and CEO and become co-chairman of the board, along with John Cushman, who is currently chairman. No replacement has been named, and the search led by the company’s board of directors and executive search firm Spencer Stuart, continues. “We are committed to identifying the best candidate for the position and we have cast a wide net outside and inside the industry,” a spokesperson for the company said in an e-mail, but would not comment on why the firm would look beyond the brokerage industry. Cushman is owned by Exor, the investment company of the Italian Agnelli family, which is represented on the board of directors of Cushman & Wakefield.
