CB Richard Ellis Group announced that Robert E. Sulentic has been named the company’s chief financial officer. Mr. Sulentic is a highly seasoned industry veteran who combines public company corporate finance experience with an in-depth understanding of the company’s global operations. Mr. Sulentic is currently chief executive officer of the company’s development services business, and until recently, served as group president of CB Richard Ellis’ EMEA and Asia Pacific operations. In addition to his chief financial officer role, Mr. Sulentic will also continue to lead the company’s development services business.
In addition, Jim Groch has been named chief investment officer with responsibility for corporate finance and strategy, which is a new position. Mr. Groch held a similar position with Trammell Crow prior to its acquisition by CB Richard Ellis. He has strong expertise and a proven track record in corporate finance, real estate investment, and mergers and acquisitions. Included among his responsibilities will be a focus on managing the company’s capital structure and balance sheet and overseeing merger and acquisition activities. Mr. Groch will also continue as the chief investment officer for the company’s development services business.
Gil Borok, who assumed the responsibilities of interim chief financial officer in late 2008, will resume his responsibilities as the company’s executive vice president, chief accounting officer. Additionally, Mr. Borok will assume the role of chief financial officer of the company’s Americas business.-Business Wire
