JLL Jones Lang LaSalle Inc

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

------------------------

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): February 23, 2016

 

 

 

	JONES LANG LASALLE INCORPORATED
	(Exact name of registrant as specified in its charter)

 

Maryland		001-13145		36-4150422
(State or other jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

	200 East Randolph Drive, Chicago, IL		60601
	(Address of Principal Executive Offices)		(Zip Code)

 

Registrant's telephone number, including area code: (312) 782-5800

 

	Not Applicable
	(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[  ]	Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

5.02(c).

Appointment of President

 

On February 23, 2016, Jones Lang LaSalle Incorporated (the “Company”) announced that it is separating the roles of President and Chief Executive Officer and that Christian Ulbrich, currently CEO for the Company’s Europe, Middle East and Africa (“EMEA”) business segment, will become President of the Company. Colin Dyer will retain the role of CEO of the Company and continue to guide its global strategy, with a particular emphasis on IT and data strategies. Mr. Dyer will also continue to oversee LaSalle Investment Management as well as the Company’s finance, human resources, legal and marketing functions. Guy Grainger, currently UK Chief Executive, will succeed Mr. Ulbrich as EMEA CEO, and Chris Ireland will become UK Chief Executive. All changes will be effective June 1, 2016.

Mr. Ulbrich, who will report to Mr. Dyer, also will be nominated for election to the Company’s Board of Directors at its Annual Shareholders Meeting in May. As President, Mr. Ulbrich will manage the Company’s regional businesses in Asia Pacific, EMEA, and the Americas, and focus on driving growth through acquisitions.

Mr. Ulbrich, 49, joined the Company in 2005 as the Managing Director of its German business and has held the role of EMEA CEO since 2009. Prior to joining the Company, Mr. Ulbrich was the Chief Executive Officer of the HIH group of companies headquartered in Hamburg, Germany, and part of M.M. Warburg Bank. For the ten years prior to that, he held various positions within German and international banks. Mr. Ulbrich is a member of the board of directors of Vonovia SE, Germany’s largest residential real estate company. He has a Diplom Kaufmann degree in Business Administration from the University of Hamburg.

The full text of the press release announcing Mr. Ulbrich’s appointment is furnished as Exhibit 99.1 to this Report.

 

There are no arrangements or understandings between Mr. Ulbrich and any other person pursuant to which Mr. Ulbrich was elected as an officer. Neither Mr. Ulbrich nor any related person of Mr. Ulbrich has a direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party. Mr. Ulbrich is not related to any of the executive officers or directors of the Company.

 

No changes have been made to Mr. Ulbrich’s current compensatory arrangements. If any changes are made by the Compensation Committee of the Board of Directors in the future, they will be reported in a subsequent 8-K Report.

 

 

Item 9.01

Financial Statements and Exhibits

 

(d) Exhibits

 

The following exhibits are included with this Report:

 

99.1

Press Release dated February 23, 2016

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  February 24, 2016

JONES LANG LASALLE INCORPORATED

 

 

		By:	/s/ Mark J. Ohringer
			Name:	Mark J. Ohringer
			Title:	Executive Vice President, Global General Counsel and Secretary

 

 

EXHIBIT INDEX

 

 

99.1

Press Release dated February 23, 2016

 

 

 

 

 

 

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Exhibit 99.1

 

 

Press Release dated February 23, 2016

 

Christian Ulbrich Appointed JLL President

Guy Grainger Named EMEA CEO; Chris Ireland Becomes UK Chief Executive

CHICAGO and LONDON, February 23, 2016 - Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that it is separating the roles of President and Chief Executive Officer and that Christian Ulbrich, currently CEO for the EMEA region, will become President of JLL. Colin Dyer will retain the role of CEO and continue to guide the firm’s global strategy, with a particular emphasis on IT and data strategies, and oversee LaSalle Investment Management as well as the firm’s finance, human resources, legal and marketing functions. Additionally, Guy Grainger, currently UK Chief Executive, will succeed Ulbrich as EMEA CEO, and Chris Ireland will become UK Chief Executive. All changes are effective June 1, 2016.

Ulbrich, who will report to Dyer, also will be nominated for election to JLL’s Board of Directors at the Annual Shareholders Meeting in May. As President, he will manage JLL’s regional businesses in Asia Pacific, EMEA and the Americas and focus on driving growth through acquisitions. Ulbrich joined JLL in 2005 as Managing Director of JLL Germany and has held the role of EMEA CEO since 2009.

“Christian is an excellent choice to be JLL President,” said Dyer. “As EMEA CEO, he has delivered sustained growth, doubling the region’s revenue and increasing profits more than fourfold. He consistently earns the respect of clients and colleagues, and demonstrates a keen ability to identify future opportunities and embrace change.”

Grainger has been UK Chief Executive since January 2013, overseeing significant growth in revenues, profits and capabilities. He has played a leading role in developing the firm’s Retail 2020 strategy and international Residential capabilities.

“Guy is Colin’s and my clear choice to lead the region, building on the fresh thinking and dynamic leadership that he has brought to the UK business over the last three years,” said Ulbrich.

Ireland joined JLL in 2011 as one of the joint managing partners of King Sturge. Following that very successful merger, he took a dual role as JLL’s UK Chairman and Lead Director of UK Capital Markets. He has overseen sustained growth in profits and market share in JLL’s UK investment business, while representing JLL in the UK property market.

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The new assignments, together with the recent appointment of Anthony Couse as Asia Pacific CEO, reflect JLL’s comprehensive succession planning process.

Dyer commented: “These changes reflect the needs of leadership to identify new ways to add value for our clients and reinforce our industry leadership in commercial and digital innovation. They are major moves toward the future leadership of our great company.”

 

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

 

Contact:	Gayle Kantro	Sara Murshed
Phone:	+1 312 228 2795	+44 207 852 4430
Email:	Gayle.Kantro@am.jll.com	Sara.Murshed@eu.jll.com

 

 

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