John Forrester is set to retire from his role as CEO of Cushman & Wakefield at the end of June after 35 years with the company. Michelle Mackay, currently President and COO, has been appointed to succeed him, taking effect on July 1, and will join the firm’s board of directors. Meanwhile, Andrew McDonald, President of Cushman & Wakefield, has been promoted to global President and COO, overseeing all of the firm’s service lines and regions.

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Brett White, executive chairman of the board, expressed his appreciation for John Forrester’s long and distinguished career, saying “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.”

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

Andrew McDonald has been with Cushman & Wakefield for over 20 years. After being appointed President in 2021, he now leads some of the firm’s largest business lines in the Americas and Asia Pacific regions.

John Forrester will stay on as a strategic advisor for the company until December 31. It is expected that with his leadership and the new appointments, Cushman & Wakefield will be well-poised for success in the years to come.