Carlo Barel di Sant’Albano has been named as interim CEO to replace Glenn Rufrano at Cushman & Wakefield who is stepping down.
Carlo Barel di Sant’Albano has been named as interim CEO to replace Glenn Rufrano at Cushman & Wakefield who is stepping down.
The world's largest privately held commercial real estate services firm said in a statement that Sant’Albano will continue to serve as chairman of C&W’s board of directors and CEO of the EMEA operations in addition to taking on these additional responsibilities until a new CEO is appointed.
Rufrano has been CEO of the company since early 2010 and will remain in place for a transitional period to assist the board and the senior management team.
John Elkann, chairman and CEO of Exor, C&W’s majority shareholder, commented: 'In recent years, C&W has made great strides in reorganising its business operations and is now well positioned to capture the opportunities presented by a recovering market. Substantial investment has been made in the business over the last few years both to strengthen the teams and the infrastructure.
'We remain committed to supporting C&W’s growth, enabling it to achieve its full potential. With the leadership of Carlo and the senior management, we have the right team in place to accelerate on that path while we identify a new leader for this next chapter in the firm’s development. I wish to thank Glenn for his valuable contribution in stabilising the company following the recession, providing a platform to launch this exciting new phase.'
Sant’Albano joined C&W from Exor, where he was instrumental in the acquisition of a majority stake in C&W in March 2007. He previously had a 20-year career in investment banking, most recently with Credit Suisse. He is a graduate of Brown University and holds an MBA from Harvard Business School.
