Menno Maas has stepped down as CEO CEMEA at real estate adviser DTZ. His resignation, effective from 1 April, follows the restructuring of the company in the wake of DTZ's takeover by Australian property services company UGL at the end of last year.
Menno Maas has stepped down as CEO CEMEA at real estate adviser DTZ. His resignation, effective from 1 April, follows the restructuring of the company in the wake of DTZ's takeover by Australian property services company UGL at the end of last year.
A spokesperson for DTZ confirmed the resignation and said Maas was leaving on 'amicable terms' but declined to give further details pending an announcement on a new executive board. John Forrester has assumed Maas' responsibilities as chief executive of DTZ EMEA's region since early March following the merger of the activities in the UK & Ireland and the CEMEA operations.
Forrester reports to Bob Shibuya, group president of UGL Services/DTZ. The EMEA business, headquartered in London, consists of 30 countries, with offices in 88 cities, employing 2,350 people. Forrester will also sit on the UGL Services/DTZ executive committee and will contribute to the development of strategy and governance of UGL's global property business.
Maas joined DTZ in May 2010 from ING Real Estate Development and has almost 30 years of experience in the property sector. He said he was now considering 'new challenges' outside DTZ, but declined to provide further details.
Prior to his stint at ING RED, Menno served as managing director of Amvest, a leading Dutch real estate investment fund with over EUR 3 bn in property investments. He also worked for Dutch pension fund PGGM and ABN Amro Project Development.
