This industry leader faces a big transition at the end of the year. But, it's
one corporate officials see as positive. Longtime Jones Lang LaSalle Partner
and current Chairman and Chief Executive Officer Stuart L. Scott will retire
and hand the reins over to his hand-picked successor, Jones Lang LaSalle President
and Chief Operating Officer Christopher A. Peacock.
"His vision and strategic direction will carry Jones Lang LaSalle to new
levels of growth," Scott says of Peacock.
Growth has fast become a way of life at the firm, following the 1999 merger of LaSalle Partners and the Jones Lang Wootton companies, which created today's organization.
In 2000, the company reached 32-percent growth in its adjusted net earnings
over 1999. The total adjusted net earnings of $43.4 million exceeded the firm's
goal of 30-percent growth for the year.
Jones Lang LaSalle operates in more than 100 markets on five continents. Its
nearly 7,350 employees provide management services, implementation services,
and investment management services on a local, regional, and global level to
owners, occupiers, and investors. Its portfolio boasts approximately 700 million
square feet of space under management worldwide.
LaSalle Investment Management, the company's global investment management business
has $22.5 billion assets under management. The track record of Jones Lang LaSalle
Hotels, another global business unit, includes the sale of 13,994 hotel rooms
to the value of $1.4 billion in 48 cities, and advisory expertise for 173,021
rooms valued at $32.6 billion in the past two years across 343 cities.