Glenn Rufrano, chief executive officer of Cushman & Wakefield, has stepped down from his post. Carlo Barel di Sant’Albano will take over as interim chief executive officer.
Sant’Albano is the chairman of Cushman & Wakefield’s board of directors.
According to Cushman & Wakefield, the move was an amicable one.
“We remain committed to supporting Cushman & Wakefield’s growth, enabling it to achieve its full potential,” said John Elkann, chairman and chief executive officer of EXOR, and Cushman & Wakfield’s majority shareholder, in a written release. “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 stabilizing the company following the recession, providing a platform to launch this exciting new phase.”
Sant’Albano boasts a career of 20 years in investment banking. He most recently worked with Credit Suisse.
