M&A: CBRE GROUP, INC.

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000095017025001326

Comments: On January 2, 2025, CBRE Group, Inc. appointed Vincent Clancy to the Board of Directors. Clancy is the Chief Executive Officer and Chair of Turner & Townsend Limited, which has been a majority-owned subsidiary of CBRE since 2021. His appointment follows the completion of CBRE's plan to combine its project management business with Turner & Townsend, announced via press release on January 3, 2025. In 2024, Clancy's total remuneration from Turner & Townsend was approximately £667,000, which includes salary and pension contributions. He will not participate in CBRE's compensation for non-employee directors and is expected to enter into an Indemnification Agreement for Board members. No arrangements or understandings motivated his director selection.

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