Chicago-based The John Buck Company (JBC) has announced an organizational realignment that will return John Buck to the role of CEO. Other moves include Kevin Hites, chief investment officer adding the title of president and the appointment of Ben Kochalski, principal, to the board of directors and investment committee. The company’s former CEO, Richard Lindsay, is leaving the firm to pursue other interests.
“While development remains one of our core strengths, we are particularly excited with our pipeline of value-add turnaround opportunities,” Buck said, as the announced firm realignment also comes with an expanded focus on value-added investments. “We have chosen to adjust our organization to best position the firm to execute these new transactions. We are proud of the many contributions that Richard made to our development activities during his tenure with the firm and wish him the best in his future endeavors.”
JBC’s active developments will continue to be managed by a team of senior development professionals who are among the longest-tenured in the business with decades of experience in design and construction of high-rise office and residential properties. The firm remains deeply committed to its legacy of ground-up development but will simultaneously expand its focus on value-add investment opportunities.