CBRE Group Management

Management criteria checks 2/4

CBRE Group's CEO is Bob Sulentic, appointed in Mar 2010, has a tenure of 14.83 years. total yearly compensation is $18.36M, comprised of 6.8% salary and 93.2% bonuses, including company stock and options. directly owns 0.31% of the company’s shares, worth €114.52M. The average tenure of the management team and the board of directors is 1.6 years and 7.4 years respectively.

Key information

Bob Sulentic

Chief executive officer

US$18.4m

Total compensation

CEO salary percentage	6.8%
CEO tenure	14.8yrs
CEO ownership	0.3%
Management average tenure	1.6yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob Sulentic's remuneration changed compared to CBRE Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$958m
Jun 30 2024	n/a	n/a	US$924m
Mar 31 2024	n/a	n/a	US$995m
Dec 31 2023	US$18m	US$1m	US$986m
Sep 30 2023	n/a	n/a	US$590m
Jun 30 2023	n/a	n/a	US$845m
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$26m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$14m	US$940k	US$2b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$846m
Dec 31 2020	US$12m	US$249k	US$752m
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$13m	US$1m	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$10m	US$998k	US$1b

Compensation vs Market: Bob's total compensation ($USD18.36M) is above average for companies of similar size in the German market ($USD4.76M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.

CEO

Bob Sulentic (68 yo)

14.8yrs

Tenure

US$18,358,834

Compensation

Mr. Robert E. Sulentic, also known as Bob, is President, CEO & Chair of the Board of Directors of CBRE Services, Inc. Mr. Sulentic serves as Chairman of CBRE Group, Inc. since November 17, 2023. He serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Sulentic	President	14.8yrs	US$18.36m	0.31% € 114.5m
Emma Giamartino	Global Chief Financial Officer	3.5yrs	US$4.88m	0.0091% € 3.4m
Daniel Queenan	Chief Executive Officer of Trammell Crow Company	less than a year	US$5.75m	0.069% € 25.8m
Vikramaditya Kohli	Chief Operating Officer	1.8yrs	no data	0.023% € 8.5m
Croft Young	Chief Investment Officer	1.5yrs	no data	0.0056% € 2.1m
Lindsey Caplan	Chief Accounting Officer	2.3yrs	no data	0.0081% € 3.1m
Alison Caplan	Chief Administrative Officer	less than a year	no data	no data
Chandni Luthra	Executive Vice President of Investor Relations and Financial Planning & Analysis	less than a year	no data	no data
Elizabeth Atlee	Senior VP and Chief Ethics & Compliance Officer	5.2yrs	no data	no data
Chad Doellinger	Executive VP	1.5yrs	no data	0.0057% € 2.1m
Steven Iaco	Senior Managing Director of Corporate Communications & Investor Relations	no data	no data	no data
Jeffrey Pion	Vice Chairman of Brokerage Services	no data	no data	no data

1.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: RF6's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Sulentic	President	12.1yrs	US$18.36m	0.31% € 114.5m
Shira Goodman	Lead Independent Director	5.7yrs	US$382.90k	0.0059% € 2.2m
Gerardo Lopez	Independent Director	9.3yrs	US$345.26k	0.014% € 5.1m
Christopher Jenny	Independent Director	9yrs	US$349.98k	0.013% € 5.0m
Oscar Munoz	Independent Director	4.2yrs	US$329.98k	0.0037% € 1.4m
Beth Cobert	Independent Director	7.7yrs	US$354.98k	0.0079% € 3.0m
E. M. Hutcheson	Independent Director	2.3yrs	US$329.98k	0.0019% € 705.2k
Sanjiv Yajnik	Independent Director	7.2yrs	US$329.98k	0.0083% € 3.1m
Brandon Boze	Independent Director	12.1yrs	US$329.98k	0.00097% € 363.9k
Anshuman Magazine	Chairman of India	8.5yrs	no data	no data
David Batchelor	Chairman of UK Business	no data	no data	no data
Reginald Gilyard	Independent Director	6.2yrs	US$329.98k	0.0058% € 2.2m

7.4yrs

Average Tenure

65yo

Average Age

Experienced Board: RF6's board of directors are considered experienced (7.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 08:16
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CBRE Group, Inc. is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ross Smotrich	Barclays
Michael Funk	BofA Global Research
Nathan Schmidt	CFRA Equity Research

CBRE Group Management

Management criteria checks 2/4

Key information

Recent management updates

CBRE Group, Inc. Appoints Vincent Clancy as Board of Director

Independent Director recently sold €1.1m worth of stock

CBRE Appoints Artyom Perevedentsev as Director of its Hotels Investment Team, Covering Continental Europe from London

Insider recently sold €1.0m worth of stock

CBRE Appoints Ashleigh Corbett as Head of Flex for Scotland

Independent Director recently sold €1.1m worth of stock

Recent updates

CBRE Group, Inc. to Report Q4, 2024 Results on Feb 13, 2025

CBRE Group, Inc. Appoints Vincent Clancy as Board of Director

Independent Director recently sold €1.1m worth of stock

Third quarter 2024 earnings released: EPS: US$0.73 (vs US$0.62 in 3Q 2023)

CBRE Group, Inc. Revises Earnings Guidance for the Full Year of 2024

CBRE Group, Inc. (NYSE:CBRE) entered into a conditional agreement to acquire 60 Grader Næringsmegling As.

CBRE Group, Inc. to Report Q3, 2024 Results on Oct 24, 2024

CBRE Appoints Artyom Perevedentsev as Director of its Hotels Investment Team, Covering Continental Europe from London

Insider recently sold €1.0m worth of stock

CBRE Appoints Ashleigh Corbett as Head of Flex for Scotland

Independent Director recently sold €1.1m worth of stock

CBRE Group, Inc. (NYSE:CBRE) acquired Paia Consulting Pte Ltd.

New minor risk - Insider selling

CBRE Group, Inc. Increases Earnings Guidance for the Year 2024

CBRE Group, Inc. Appoints Gunjan Soni to the Board of Directors, Effective July 15, 2024

CBRE Group, Inc. to Report Q2, 2024 Results on Jul 25, 2024

CBRE Group, Inc. (NYSE:CBRE) acquired Direct Line Global, LLC.

Insufficient new directors

CBRE Group, Inc Appoints Chandni Luthra as Executive Vice President, Effective from June 3

First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.38 in 1Q 2023)

CBRE Group, Inc., Annual General Meeting, May 22, 2024

CBRE Group, Inc. to Report Q1, 2024 Results on May 03, 2024

Chandra Dhandapani as CEO, GWS Leaves CBRE on September 8, 2024

CBRE Appoints David Maguire as Head of Occupier Sustainability ESG, Continental Europe

CBRE Announces Executive Changes

CBRE Group, Inc. (NYSE:CBRE) completed the acquisition of J&J Maintenance, Inc. from Arlington Capital Partners V, L.P., managed by Arlington Management Employees, LLC.

CBRE Group, Inc. Appoints Guy Metcalfe to the Board of Directors

Insider recently sold €2.2m worth of stock

Full year 2023 earnings released: EPS: US$3.20 (vs US$4.36 in FY 2022)

CBRE Group, Inc. (NYSE:CBRE) entered into a definitive agreement to acquire J&J Maintenance, Inc. from Arlington Management Employees, LLC for $1.1 billion.

CBRE Group, Inc. (NYSE:CBRE) entered into a definitive agreement to acquire J&J Maintenance, Inc. from Arlington Management Employees, LLC for $1.1 billion.

CBRE Group, Inc. to Report Q4, 2023 Results on Feb 15, 2024

CBRE Announces Management Changes

CBRE Group, Inc. Appoints Robert Sulentic as Board Chair

CBRE Appoints Stephen Proudley as Executive Director and Head of Northern Retail

CBRE Group, Inc. (NYSE:CBRE) acquired Sovereign Centros Limited.

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.62 (vs US$1.40 in 3Q 2022)

CBRE Group, Inc. to Report Q3, 2023 Results on Oct 27, 2023

CBRE Appoints Lesley Holloway as Head of Corporate ESG for its UK and Ireland Advisory Business

CBRE Hires Jeremy Eddy as Head of Living Capital Markets for Europe

CBRE Appoints Tommie Reilly as Managing Director

New minor risk - Insider selling

CBRE Group, Inc. Announces Executive Changes

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$1.50 in 2Q 2022)

CBRE Group, Inc. to Report Q2, 2023 Results on Jul 27, 2023

CBRE Group, Inc.(NYSE:CBRE) dropped from Russell 1000 Growth Index

CBRE Group, Inc. Appoints Richard Howard as an Executive Director in Its West End Investor Leasing Team

CBRE Group, Inc. (NYSE:CBRE) acquired Valuation & Information Group.

Insider recently sold €465k worth of stock

First quarter 2023 earnings released: EPS: US$0.38 (vs US$1.18 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.36 (vs US$5.48 in FY 2021)

CBRE Group, Inc. Announces Michael J. Lafitte, Currently Serving as Global Group President, CBRE Client Care and Chief Executive Officer of Trammell Crow Company, Departs on February 17, 2023

CBRE Names Roshan Wial Head of London Middle East Team

CBRE Group, Inc. to Report Q4, 2022 Results on Feb 23, 2023

CBRE Group, Inc. (NYSE:CBRE) entered into a definitive agreement to acquire H2M Sverige Ab.

CBRE Group, Inc. (NYSE:CBRE) entered into an agreement to acquire APS Maintain business from BSA Limited (ASX:BSA) for AUD 20 Million.

CBRE Group, Inc. (NYSE:CBRE) acquired Full Spectrum Group Inc. from Pfingsten Partners, L.L.C. for $110 million.

CBRE Group, Inc. (NYSE:CBRE) acquired Full Spectrum Group Inc. from Pfingsten Partners, L.L.C. for $110 million.

Third quarter 2022 earnings released: EPS: US$1.40 (vs US$1.30 in 3Q 2021)

CBRE Group, Inc. to Report Q3, 2022 Results on Oct 27, 2022

CBRE Announces Two New Senior Hires

CBRE Group, Inc. Announces Executive Changes

CBRE Group, Inc. Appoints Blake Hutcheson to Board of Directors, Effective September 1, 2022

Second quarter 2022 earnings released: EPS: US$1.50 (vs US$1.32 in 2Q 2021)

CBRE Group, Inc. Announces Impairment Charges for the Three Months Ended June 30, 2022

CBRE Group, Inc. (NYSE:CBRE) acquired Cold River Land, LLC.

CBRE Group, Inc. to Report Q2, 2022 Results on Aug 04, 2022

CBRE Group, Inc. (NYSE:CBRE) acquired Green Soluce SAS.