CEO John Forrester of Cushman & Wakefield will step down and be replaced by the current COO

Cushman & Wakefield has announced that John Forrester, the New York-listed real estate company’s chief executive officer who will retire from his post at the end of June after 35 years of service to the company. In a press announcement, Cushman & Wakefield named Michelle Mackay, currently its COO and president As Forrester’s successor. Her appointment is set to take effect on July 1 and she’ll also be joining the company’s board of directors.

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Additionally, Andrew McDonald, currently president of Cushman & Wakefield, has been elevated to COO and global president who is in charge of all the company’s service lines as well as regions.

Forrester will continue to work for Cushman & Wakefield as a strategic advisor until December 31. “On behalf of the Cushman and Wakefield’s board of directors I would like to thank John for his commitment and commitment to the firm as well as to those in the real estate service industry throughout his lengthy and impressive profession,” states Brett White who is the Cushman & Wakefield’s executive chairman.

Mackay became a part of Cushman & Wakefield as a member of the Board of Directors in the year 2018. Mackay was named COO in the year 2020 before being promoted to COO and president 1 January 2022. Prior to that she was the executive vice-president for investments, and head of capital markets for iStar, Inc.

McDonald has worked for Cushman & Wakefield for over 20 years. McDonald was named president in 2021and is responsible for Cushman & Wakefield’s most important business segments within the Americas and Asia Pacific regions.