Long-time executive to retire after 23 years
TORONTO, April 22, 2021 (GLOBE NEWSWIRE) Colliers (NASDAQ and TSX: CIGI) today announced the retirement of long-time executive and Global Chief Operating Officer (COO), John Friedrichsen, effective in the second quarter of 2021, during which time there will be an orderly transition of his COO responsibilities to other members of the company’s executive team.
Mr. Friedrichsen joined Colliers’ predecessor, FirstService Corporation, in 1998 and was appointed Chief Financial Officer (CFO) in 2002. In 2015, he continued his role as CFO for Colliers following its separation and spin-off from FirstService. In January 2020, Mr. Friedrichsen was appointed COO, with Christian Mayer succeeding him as CFO. During Mr. Friedrichsen’s tenure, the market capitalization of the combined companies increased from US$62 million to more than US$11 billion today, creating significant shareholder value and delivering a compound annual return of about
Colliers announces retirement of John Friedrichsen
Long-time executive to retire after 23 years
TORONTO, April 22, 2021 (GLOBE NEWSWIRE) Colliers (NASDAQ and TSX: CIGI) today announced the retirement of long-time executive and Global Chief Operating Officer (COO), John Friedrichsen, effective in the second quarter of 2021, during which time there will be an orderly transition of his COO responsibilities to other members of the company’s executive team.
Mr. Friedrichsen joined Colliers’ predecessor, FirstService Corporation, in 1998 and was appointed Chief Financial Officer (CFO) in 2002. In 2015, he continued his role as CFO for Colliers following its separation and spin-off from FirstService. In January 2020, Mr. Friedrichsen was appointed COO, with Christian Mayer succeeding him as CFO. During Mr. Friedrichsen’s tenure, the market capitalization of the combined companies increased from US$62 million to more than US$11 billion today, creating significant shareholder val
Hkun Lat/Getty Images
A local affiliate of Colliers International, the international property management company headquartered in Toronto, is a leasing agent for a high-end building in Myanmar built on land owned by an arm of the country’s military.
The Sule Square complex is located on land owned by the Quartermaster General Office of the country’s army (officially known as Tatmadaw), which is tasked with securing supplies for its forces – including, activists say, the bullets and artillery used to kill more than 700 civilians since the Feb. 1 coup.
Colliers, which operates in Myanmar through an affiliate, has maintained its interest in the property despite years of efforts by United Nations experts to push foreign companies to sever ties with a military that has a long history of killing its own people, including Rohingya Muslims and anti-coup demonstrators.
Development of full impact position and comprehensive strategy underway for 2021
TORONTO, April 12, 2021 (GLOBE NEWSWIRE) Colliers (NASDAQ, TSX: CIGI), a leading diversified professional services and investment management company, published its first annual Global Impact Report, highlighting its commitment to embedding environmental, social and corporate governance (ESG) best practices across the organization. In the coming months, Colliers will conduct a materiality assessment to understand the firm’s greatest opportunities to effect positive change and establish a comprehensive strategy with measurable targets.
“In 2020, we saw the world rally around important themes like diversity, health and the environment that are shaping how we operate,” said Jay Hennick, Global Chairman and CEO of Colliers. “This backdrop reaffirms that, as leaders in our industry, building a better future for our business, people, clients and communities has never been more important. The 2020
(2)
Ranking reaffirms Colliers commitment to leading the industry
TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) For the fourth straight year, leading diversified professional services and investment management company Colliers (NASDAQ, TSX: CIGI) has been named one of the top three global commercial real estate brands by The Lipsey Company in its survey of industry professionals. Colliers ranking reaffirms the company s commitment to strengthening its global platform and industry leadership. We are honoured to be recognized for our ongoing exceptional service and expertise. This year s recognition is particularly meaningful as we refreshed our visual identity as part of our global brand strategy to maximize our established equity and shape our industry presence, said Becky Finley, Chief Brand & People Officer | Global. At Colliers, our success would not be possible without our enterprising professionals and we thank them for their outstanding work.