Savills has announced that the company has appointed Mitchell Rudin as the Chief Executive Officer and Chairman of North America with effect from June 30, 2020. The newly appointed Chairman and CEO of North America, Mr Savills joined the company back in 2018 and he became the President of the company on January 1, 2019 after successfully replacing Mitchel Steir, who has decided to step down after serving the company for more than 37 years.
Previously, the outgoing Mitchel Steir has led the management of Savills North America since 2002. Previously Mr. Rudin served as the Chief Executive Officer of the MackCali Realty Corporation, where he has played a key role in transitioning the portfolio of the company.
Group & Global Chief Executive Officer of Savills, Mark Ridley said, “Mitchell Rudin joined Savills North America 18 months ago and, as President, has already revitalized our management team, including expanding our commitment to diversity and inclusion at the executive level, and led the continued growth of our business.”
“We are confident that he is the right leader to take Savills forward in North America, driving growth, and delivering sustainable value for our clients and shareholders. On behalf of the Board, I want to sincerely thank Mitch Steir for his many outstanding contributions to the firm. We wish him well in his future endeavors,” Mark Ridley added.
Mitchell Steir said, “The global pandemic Covid-19 has forced all of us to pause and reassess our approaches to both business and everyday life. After much reflection, I have concluded that it is time for me to step down from my current position as CEO. Leaving the company I helped build and saying goodbye to my many friends and wonderful colleagues has not been an easy decision.”
“I am extremely proud of how we grew the business from a half a dozen offices into a diversified real estate services group with 35 offices across the US, and which is now an integral part of a global company of over 600 offices. I take tremendous pride in what we’ve accomplished,” Mitchell steir concluded.