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Ex-Courtaulds CEO to head Jones Lang LaSalle

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GLOBAL - Jones Lang LaSalle, the loss-making real estate management firm, has named former Courtaulds Textiles chief executive Colin Dyer as its new CEO.

He takes over from former CEO and current chairman Stuart Scott, who had resumed the CEO role when Christopher Peacock resigned in January.

The firm said in a statement that Dyer, 51, would become president and chief executive on September 7. Scott remains chairman.

Dyer, a British citizen, is currently CEO of WorldWide Retail Exchange and will be principally located at the firm's Chicago office.

In the first quarter of this year the firm posted a loss of 6.1 million dollars on revenues that were up nine percent at 222.8 million dollars.

"He will have overall responsibility for guiding Jones Lang LaSalle's strategic vision and future growth as well as for chairing the firm's global executive committee, its most senior internal management committee," the firm said.

"Colin is a proven leader of global, high-performance companies and an outstanding strategist who has focused on international businesses throughout his career," Scott said.

"He is an entrepreneurial and client-focused manager who is well equipped to direct our organization of exceptionally skilled people into Jones Lang LaSalle's future. Moreover, he is a sophisticated executive with experience leading a public company, and he understands how to create and deliver shareholder value."

"Jones Lang LaSalle's solid financial condition, wealth of talent and broad platform of services provide excellent potential for future growth," said Dyer.

"The company is known worldwide for its values, integrity and honesty, all of which characterize my approach to business. Although it would be premature for me to detail a long-term vision for the firm, I am convinced that we should aspire to be world leaders in whatever businesses we undertake."

Dyer holds an MBA from INSEAD in Fontainebleau, France, and a BSc in Mechanical Engineering from Imperial College in London. He speaks Dutch, English and French.

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