CUSHMAN & WAKEFIELD NAMES GLENN RUFRANO CEO

Cushman & Wakefield Inc. today announced that Glenn Rufrano has been named President and Chief Executive Officer of the company. Mr. Rufrano, who will also be appointed to the company’s Board of Directors, will join the firm March 22 following the completion of his tenure as CEO of Centro Properties Group. He will be based in New York.

Mr. Rufrano is a highly accomplished global real estate executive who has held leadership positions at public REITs and in the private real estate investment arena. Since 2008, he has been CEO of Australian-based Centro Properties Group, and previously he served as CEO of New Plan Excel Realty Trust Inc. from 2000 to 2007.

Prior to joining New Plan, from 1983 to 2000, Mr. Rufrano was a co-founder of The O’Connor Group (currently known as O’Connor Capital Partners), which has invested in real estate internationally. He also spent more than five years at Landauer Associates Inc. where he was involved in the sale of some of the most prominent office properties in the United States.

“We are delighted that Glenn will join Cushman & Wakefield as President and CEO. His extensive real estate experience and management background make him the ideal leader to grow the company and further expand the brand worldwide,” said Carlo Barel di Sant’Albano, a Cushman & Wakefield board member and Chief Executive Officer of EXOR S.p.A., the investment company of the Agnelli family and the majority shareholder of Cushman & Wakefield. “We are confident that Glenn has the vision to lead Cushman & Wakefield, creating meaningful value for our clients, employees and other stakeholders.”

“Cushman & Wakefield is one of the most recognized and respected commercial real estate services firms in the world, and I am looking forward to contributing to its growth,” said Mr. Rufrano.

Mr. Rufrano is a graduate of Rutgers University and holds a master’s degree in real estate from Florida International University. He serves on the Boards of General Growth Properties Inc. and New York University’s Real Estate Institute, and was previously a director of Trizec Properties Inc., a public REIT which owned office properties throughout the United States, and Criimi Mae Inc., a mortgage REIT.

As Cushman & Wakefield’s President and CEO, Mr. Rufrano replaces Bruce Mosler, who became co-chairman of the Board on January 1, 2010.