SINGAPORE (EDGEPROP) - Cushman & Wakefield has announced that John Forrester, the New York-listed real estate services company’s CEO, will be retiring from his position on June 30 after 35 years with the company. In a May 5 press release, Cushman & Wakefield named Michelle Mackay, currently its president and COO, as Forrester’s successor. Her appointment will take effect on July 1, and she will also join the firm’s board of directors.

Meanwhile, Andrew McDonald, currently president of Cushman & Wakefield, has been promoted to global president and COO, overseeing all of the firm’s service lines and regions.

Forrester will remain employed by Cushman & Wakefield as a strategic advisor until Dec 31. “On behalf of Cushman & Wakefield’s board of directors, I thank John for his dedication and service to the firm and to the commercial real estate services industry over his long and distinguished career,” says Brett White, executive chairman of the board.

Mackay joined Cushman & Wakefield as a member of its board of directors in 2018. She was appointed as COO in 2020 and later promoted to president and COO on Jan 1, 2022. Prior to this, she served as executive vice-president, investments and head of capital markets at iStar, Inc.

McDonald has been with Cushman & Wakefield for over 20 years. He was appointed president in 2021, leading the firm’s largest business lines in the Americas and Asia Pacific regions.