---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-135911"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:10:39.302027+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-135911
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/0001193125-23-135911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/d370029d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-135911
- JSON: https://secwatch.observer/filing/0001193125-23-135911.json
- Plain text: https://secwatch.observer/filing/0001193125-23-135911.txt

## Key facts
- Executive change
  Michelle MacKay was appointed as Chief Executive Officer at Cushman & Wakefield Ltd..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/0001193125-23-135911-index.htm
- Executive change
  John Forrester departed as Chief Executive Officer at Cushman & Wakefield Ltd..
  - Action: retire
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/0001193125-23-135911-index.htm
- Executive change
  John Forrester was appointed as Strategic Advisor at Cushman & Wakefield Ltd..
  - Action: appointed
  - Role: Strategic Advisor
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312523135911/0001193125-23-135911-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.