Exhibit 99.1
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For Immediate Release
Cushman & Wakefield Promotes Michelle MacKay to President and COO and Andrew McDonald to President as Part of CEO Transition
CHICAGO, October 1, 2021 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced its Chief Operating Officer (COO) Michelle MacKay has been promoted to President and COO, and Chief Executive of the Americas Andrew McDonald has been promoted to President, effective January 1, 2022.This transition comes as the firm recently announced its current President John Forrester will become CEO, also on January 1, 2022.
“Cushman & Wakefield has a world-class executive management team, and I am excited to continue working with Michelle and Andrew in their expanded roles. I’m confident our firm will benefit from aligning our leaders to our greatest opportunities as we help clients navigate the growth ahead for the commercial real estate industry,” said John Forrester, President and CEO-elect of Cushman & Wakefield.
As President and COO, MacKay will take on additional responsibilities leading the firm’s Europe, Middle East & Africa (EMEA) region; Global Occupier Services (GOS); the facilities services business C&W Services; and DTZ Investors. As President, McDonald will be responsible for the firm’s Americas and Asia Pacific businesses.
MacKay was appointed COO in 2020, having previously served on Cushman & Wakefield’s Board of Directors since 2018. As COO, she is responsible for executing the firm’s strategy and overseeing its functional groups. Notably, MacKay spearheaded the launch of the firm’s Global Employee Assistance Fund for those impacted by COVID-19 and helped establish the Diversity, Equity & Inclusion (DEI) function. Before joining Cushman & Wakefield, MacKay occupied the positions of Executive Vice President, Investments & Head of Capital Markets at iStar, Inc.; Executive Director, Commercial Real Estate at UBS; Vice President, Fixed Income at J.P. Morgan; and Assistant Vice President, Real Estate and Fixed Income at The Hartford Financial Services Group, Inc.
“Since joining Cushman & Wakefield, I’ve had the pleasure of working with people who are truly passionate and eager to push the boundaries of what we can collectively accomplish—whether that’s developing new solutions for our clients or ensuring we are responsible corporate citizens,” said MacKay. “I’m excited to expand on the great progress we’ve made in this new role.”
MEDIA CONTACT
Aixa Velez
Corporate Communications
+1 312 424 8195
aixa.velez@cushwake.com