The company said the board of directors on January 2, 2025 appointed Vincent Clancy, Chief Executive Officer and Chair of Turner & Townsend, as a director. His term runs until the 2025 annual meeting of stockholders.

1. 01

   The company said the board of directors on January 2, 2025 appointed Vincent Clancy, Chief Executive Officer and Chair of Turner & Townsend, as a director. His term runs until the 2025 annual meeting of stockholders.

2. 02

   CBRE said it completed its plan to combine its project management business with Turner & Townsend, its majority-owned subsidiary, on January 3, 2025. It said it holds 70% of the combined business.

3. 03

   The company said Clancy received total remuneration of about £667,000 from Turner & Townsend in 2024, consisting of salary of £591,750, a car allowance of £12,500, and pension contributions of £62,750. It said it does not expect him to receive any additional compensation for serving as a director.

4. 04

   CBRE said it will report Project Management results as a standalone business segment beginning this year. It also said Turner & Townsend's revenue has increased at a compound annual rate of more than 20% since it became a majority-owned subsidiary in November 2021.

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Original filing

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