Colliers has announced two major executive appointments to its global leadership team as part of a strategic plan to strengthen its largest business platforms. Christian Mayer and Elias Mulamoottil have both taken on expanded roles effective immediately. This leadership transition follows the news that Chris McLernon, the current CEO of Real Estate Services, will retire at the end of April after nearly 40 years with the firm.

Christian Mayer has been appointed as Global Chief Financial Officer and CEO of Commercial Real Estate. In this new capacity, Mayer will manage the Commercial Real Estate segment while maintaining his responsibility for the financial strategy of the entire enterprise. Colliers currently operates in 70 countries and provides services such as leasing, capital markets and outsourcing. Mayer is expected to focus on generating long-term value within this division, which remains the largest platform for the company.

Elias Mulamoottil has taken the role of Global Chief Investment Officer and CEO of Engineering. He is tasked with driving growth for the engineering platform while continuing to lead the investment strategy for the company. Following the recent acquisition of Ayesa, the engineering arm will have more than 13,000 professionals across 20 countries. This expansion is intended to improve the ability of the firm to handle large-scale infrastructure projects for both public and private clients.

Jay Hennick, Founder, Global Chairman and CEO, said: “With a combined four decades at Colliers, Christian and Elias bring deep experience, proven leadership, and a strong commitment to our enterprising culture.” He added: “Their expanded mandates strengthen our largest platforms and ensure continuity as we continue to execute our global growth strategy company wide.”

Regarding the retirement of Chris McLernon, Hennick said: “Chris has been instrumental in shaping Colliers across multiple regions and at the global level over the years.” He continued: “We are grateful for his leadership and commitment to Colliers and wish him well in retirement.”

These management changes are part of a long-term plan to promote leaders from within the business. By reorganising its top executive tier, Colliers aims to maintain its current momentum and create further value for its shareholders. The company remains a top global player in professional services and investment management.