CHICAGO - Jones Lang LaSalle Incorporated (NYSE: JLL), a Fortune 500 global commercial real estate and investment management firm, today announced the appointment of Susan Gore as an independent, non-executive member of its Board of Directors. Gore's election is effective immediately, and she will serve on the company's Audit and Risk as well as Nominating, Governance and Sustainability Committees.
With a career spanning over three decades, Gore is recognized for her extensive background in accounting, auditing, and finance. She has held various leadership roles at PriceWaterhouseCoopers LLP (PwC), concluding her 33-year tenure as the Managing Partner of PwC's Global Technology and Information Security organization. Gore's previous positions include Global Assurance Chief Operations Officer and US Assurance Transformation Leader at PwC, where she also spent time as an Assurance partner. Her experience extends beyond PwC, having served as CFO for a software company and an advisor for a venture capital firm in Silicon Valley.
Gore's expertise in technology, security services, and digital transformation initiatives is expected to bolster JLL's global operations and contribute to its growth strategy. JLL Chairman Siddharth N. (Bobby) Mehta expressed confidence that Gore's deep accounting and finance knowledge would strengthen the firm's platform and drive growth. CEO Christian Ulbrich also welcomed Gore, highlighting her role in advancing the company's strategic initiatives and commitment to client services.
The announcement also noted the departure of Ann Marie Petach from the Board, who did not seek re-election. Petach had been a Director since 2015 and chaired the Audit and Risk Committee for several years. Ulbrich and Mehta expressed gratitude for Petach's contributions, particularly her leadership in financial oversight and corporate governance.
JLL has been operating for over two centuries, with a presence in more than 80 countries and a workforce exceeding 108,000 employees. The company emphasizes its commitment to shaping the future of real estate through its services.
InvestingPro Insights
Jones Lang LaSalle Incorporated (NYSE: JLL) is not only making strategic additions to its Board of Directors but also showing significant financial activity that may interest investors. According to recent data from InvestingPro, JLL's market capitalization stands at a robust 9.39 billion USD. The company's revenue for the last twelve months as of Q1 2024 has reached approximately 21.17 billion USD, with a growth of 1.89% during that period. Additionally, JLL's price to earnings (P/E) ratio, a key metric for valuing a company, is currently at 26.41 when adjusted for the last twelve months as of Q1 2024.
An InvestingPro Tip worth noting is that JLL's management has been aggressively buying back shares, which can often be a sign of the company's belief in its own undervalued stock and a potential positive signal to investors. Moreover, the firm has raised its dividend for 9 consecutive years, demonstrating a commitment to returning value to shareholders. These actions align with the company's historical performance, as JLL has been profitable over the last twelve months and analysts predict it will remain profitable this year.
For investors seeking more comprehensive analysis, there are additional InvestingPro Tips available that delve deeper into JLL's financial health and market position. These include insights on earnings revisions, valuation multiples, and the company's status within the Real Estate Management & Development industry. To access these valuable insights, investors can visit https://www.investing.com/pro/JLL. Moreover, by using the coupon code PRONEWS24, investors can enjoy an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining even more expert financial information to guide their investment decisions.
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