Cushman & Wakefield Names New CFO
1 May, 2006, New York, NY
Veteran financial executive Bruce Hartman becomes chief financial officer of leading global real estate firm
Cushman & Wakefield announced today that Bruce L. Hartman, one of the nation’s most experienced financial executives, has been named chief financial officer of the firm, effective immediately.
In his new position, Mr. Hartman reports to the firm’s president and CEO, Bruce Mosler. Mr. Hartman will provide the vision, leadership and strategic planning for the global Finance and global Information Technology functions of the firm. He will also act as an advisor to all levels of management on financial and business issues regarding the firm’s domestic and international operations.
“Bruce Hartman is one of the most effective and highly regarded CFOs in business,” said Mr. Mosler. “His financial acumen and leadership skills will provide a major advantage for our firm and our clients on a global basis.”
Prior to joining Cushman & Wakefield, Mr. Hartman was CFO of Foot Locker and May Department Stores, and he held high-level financial positions at Netco Automation, Dayton Hudson Corporation and Service Merchandise Company. He began his career as a staff accountant at Haskins & Sells.
He was a key member of the management team that participated in the restructuring of the Woolworth Company into Foot Locker, which helped to significantly increase the value of the company’s stock.
“Cushman & Wakefield is the most respected brand name in real estate, and I am thrilled at the opportunity to work with Bruce Mosler and the management team to help the business continue to grow,” said Mr. Hartman.
Cushman & Wakefield is the world’s pre-eminent commercial real estate services firm. The firm is a leader in all its businesses. In 2005, Cushman & Wakefield completed transactions with a total aggregate value of $69 billion. The firm manages 430 million square feet, and is one of the largest property managers in the world. Cushman & Wakefield negotiated the purchase and sale of $35 billion in commercial property last year. The firm also has the most MAIs (members of the Appraisal Institute) of any company in the industry, making it a leader in valuation.
A graduate of Suffolk University in Massachusetts with a BSBA in accounting, Mr. Hartman is a board member and audit committee chairman of Pathmark Stores.
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.