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Cushman & Wakefield expands board with two new directors

EditorNatashya Angelica
Published 03/18/2024, 05:16 PM
© Reuters.
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CHICAGO - Cushman & Wakefield (NYSE: NYSE:CWK), a global leader in commercial real estate services, announced today the appointment of Jennifer McPeek and Raj Vennam to its Board of Directors. The appointments come into effect immediately, filling the vacancies left by outgoing directors Tony Miller and Lincoln Pan.

Jennifer McPeek's addition to the board is marked by her extensive experience in the financial services industry, having held executive roles at Russell Investments and Janus Henderson Investors plc, among others.

Currently, she serves on the board of Cboe Global Markets (NYSE:CBOE), Inc. and the First American Funds Trust Board of Trustees. McPeek's academic credentials include a B.A. in Mathematics and Economics from Duke University and an MBA from the MIT Sloan School of Management.

Raj Vennam brings over two decades of expertise in finance, strategy, and financial planning to the firm. He is currently the SVP and Chief Financial Officer of Darden Restaurants (NYSE:DRI), Inc., with a history of leadership roles within the company.

Vennam's educational background encompasses an MBA from the University of Central Florida, an M.S. in Electrical Engineering from Old Dominion University, and an engineering degree from Osmania University.

Executive Chairman Brett White expressed enthusiasm for the new appointments, stating that McPeek and Vennam are highly accomplished executives whose expertise in finance and strategy will add significant value to the firm.

The new board members replace Miller and Pan, who were nominated by PAG and have stepped down after a decade of investment in Cushman & Wakefield. Lincoln Pan, Partner and Co-Head of Private Equity at PAG, expressed confidence in the strategic direction of the company under the leadership of Michelle MacKay and her team.

Cushman & Wakefield operates in nearly 400 offices across 60 countries, with approximately 52,000 employees. The company reported $9.5 billion in revenue in 2023 and is recognized for its award-winning culture and commitment to diversity, equity, inclusion, and sustainability.

The information in this article is based on a press release statement from Cushman & Wakefield.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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