Cushman & Wakefield, the world’s third largest real estate brokerage firm, has replaced its Americas CEO, Tod Lickerman, according to the Chicago Tribune. Lickerman was previously the global CEO of DTZ, which merged with Cushman in 2015. Lickerman “has decided to leave the company to pursue other career interests,” according to a news release.
Chicago real estate veteran Shawn Mobley has been promoted to CEO of the Americas, replacing Lickerman.
The change comes after years of rapid growth by Cushman & Wakefield, which is expected to go public next year. The firm’s expansion has come through company acquisitions and aggressive hiring of top-performing brokers in Chicago and other major cities.
Cushman & Wakefield has 45,000 employees in 70 countries, with $6 billion in annual revenue.