Cushman & Wakefield appoints Michelle MacKay as CEO, succeeding John Forrester effective July 1, 2023

Cushman & Wakefield Ltd.

John Forrester to retire as CEO and from board on June 30, 2023; will remain strategic advisor through Dec 31, 2023.
Michelle MacKay, currently President & COO, becomes CEO and joins board on July 1, 2023.
Andrew McDonald promoted to Global President & COO, effective July 1, 2023.
MacKay receives base salary $1,000,000, target bonus $2,500,000, annual RSU/PSU target $5,500,000.
Succession follows a multi-year planning process; Forrester's retirement not due to any disagreement.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Michelle MacKay

Chief Executive Officer

CWK · Cushman & Wakefield Ltd.

Effective: 2023-07-01
Filed: May 4, 2023, 7:59 PM ET

the Board appointed Michelle MacKay, currently the President and Chief Operating Officer of the Company, as Chief Executive Officer of the Company, effective as of July 1, 2023, to succeed Mr. Forrester

Departed

John Forrester

Chief Executive Officer

CWK · Cushman & Wakefield Ltd.

Effective: 2023-06-30
Successor: Michelle MacKay
Filed: May 4, 2023, 7:59 PM ET

John Forrester, Chief Executive Officer of Cushman & Wakefield plc (the “Company”), notified the Company that he will retire as Chief Executive Officer and from the board of directors of the Company (the “Board”), effective as of June 30, 2023

Appointed

John Forrester

Strategic Advisor

CWK · Cushman & Wakefield Ltd.

Effective: 2023-07-01
Filed: May 4, 2023, 7:59 PM ET

Mr. Forrester has agreed to remain employed by the Company and serve in a new, non-executive role of Strategic Advisor, effective as of July 1, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle MacKay was appointed as Chief Executive Officer at Cushman & Wakefield Ltd..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed Michelle MacKay, currently the President and Chief Operating Officer of the Company, as Chief Executive Officer of the Company, effective as of July 1, 2023, to succeed Mr. Forrester

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Forrester departed as Chief Executive Officer at Cushman & Wakefield Ltd..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

John Forrester, Chief Executive Officer of Cushman & Wakefield plc (the “Company”), notified the Company that he will retire as Chief Executive Officer and from the board of directors of the Company (the “Board”), effective as of June 30, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Forrester was appointed as Strategic Advisor at Cushman & Wakefield Ltd..

Action: appointed
Role: Strategic Advisor

Exact text from the filing

Mr. Forrester has agreed to remain employed by the Company and serve in a new, non-executive role of Strategic Advisor, effective as of July 1, 2023

View on SEC.gov

Cushman & Wakefield Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-23-135911

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