Savills announced that Mitchell Rudin has been appointed as Chairman and CEO of Savills North America effective June 30, 2020. Mr. Rudin, who joined Savills in 2018 and became President on January 1, 2019, succeeds Mitchell Steir, who has decided to step down after an extraordinarily successful 37 – year career. Mr. Steir has led Savills North America and its predecessor Studley Inc. since 2002 when he led a management buyout of Julien J. Studley Inc. from the firm’s founder, including arranging the 2014 acquisition of Studley Inc. by Savills plc, the global real estate service advisor listed on the London Stock Exchange. “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,” said Mark Ridley, Group & Global Chief Executive Officer of Savills. “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.”
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“Savills is an outstanding organization, I am excited by this appointment, and I look forward to continuing to work with the Board and my many exceptionally talented colleagues across North America and the globe to deliver for our clients,” said Mitchell Rudin. “Savills is very well positioned to capitalize on a broad range of opportunities to grow our platform and continue to diversify and enhance our services. I would also like to thank Mitch for his valuable leadership and partnership over the last 18 months.”
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Said Mitch Steir, “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. It’s been so much more than a job; it’s been one of the great joys of my life. And of course I’ll be cheering for everyone’s continued health, happiness and success, and I’m sure that the business will continue to go from strength to strength.”
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