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Posted 04 January, 2022

Cushman & Wakefield plc appointed new CEO

CEO Change detected for ticker NYSE:CWK in a 8-K filed on 04 January, 2022.


  On December 31, 2021, Cushman & Wakefield plc (the "Company") and Cushman & Wakefield Global, Inc. entered into a side letter agreement (the "Side Letter") with Brett White, the Executive Chairman of the Company's Board of Directors (the "Board"), in connection with Mr. White's previously announced resignation as Chief Executive Officer of the Company.  

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Overview of Cushman & Wakefield plc
Real Estate/Construction • Real Estate Developers
Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America. The EMEA segment includes operations in the UK, France, Netherlands and other markets in Europe and the Middle East. The APAC segment comprises of operations in Australia, Singapore, China and other markets in the Asia Pacific region. The company was founded in 1917 and is headquartered in London, the United Kingdom.
Market Cap
$2.68B
View Company Details
Cushman & Wakefield plc by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On December 31, 2021, Cushman & Wakefield plc (the "Company") and Cushman & Wakefield Global, Inc. entered into a side letter agreement (the "Side Letter") with Brett White, the Executive Chairman of the Company's Board of Directors (the "Board"), in connection with Mr. White's previously announced resignation as Chief Executive Officer of the Company. Pursuant to the terms of the Side Letter, Mr. White's resignation is confirmed as a Qualifying Resignation as defined under Mr. White's Amended and Restated Employment Agreement (the "Employment Agreement"), dated as of August 27, 2020, which Qualifying Resignation accelerates and vests certain of Mr. White's equity awards in accordance with the terms of the Employment Agreement. Following the Qualifying Resignation, the Company has no obligation to provide any additional salary or bonus to Mr. White, except that he remains eligible to receive his Annual Bonus (as defined in the Employment Agreement) for the 2021 calendar year. The Side Letter also extends the restrictive covenants in the Employment Agreement to apply to Mr. White through June 30, 2025; however, Mr. White is permitted to participate in certain non-competitive activities outside of the Company. 

This summary of the Side Letter does not purport to be complete and is qualified in its entirety by the text of the Side Letter, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.