January 8, 2019
Los Angeles-based CBRE Group, Inc. plans to divide the responsibilities of its CFO and CIO into two senior executive positions. Jim Groch, who has led both financial management and capital deployment functions since early 2014, will transition to focus full-time on capital allocation and deployment as Global Group President and CIO.
CBRE’s Bob Sulentic (pictured above) says, “Jim has had a profoundly positive impact on CBRE, and has overseen a broad range of strategically important responsibilities for the company for an extended period of time. Going forward, we will benefit tremendously from Jim’s exclusive focus on capital allocation and deployment.”
Groch will primarily focus on opportunities to deploy capital in the company’s merger-and-acquisition program, and to allocate capital that will be invested by its real estate investments businesses.
CBRE has initiated a search for the new CFO. Based in Dallas, the CFO will oversee CBRE’s finance and accounting organization, tax, treasury, financial planning and analytics, business intelligence and investor relations.
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