Jones Lang Lasalle Inc 8-K, filed May 7, 2025
Jones Lang Lasalle Inc (JLL)
8-K
2025-05-07
For: 2025-05-03
View Original
Added on
April 04, 2026
About this 8-K
Jones Lang Lasalle Inc filed this 8-K on May 7, 2025, reporting on events of May 3, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
United States
Securities and Exchange Commission
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 3, 2025
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 7, 2025, Jones Lang LaSalle Incorporated (the “Company” or “JLL”) announced that Karen Brennan, currently the Company’s Chief Financial Officer and a member of JLL’s Global Executive Board (“GEB”), will assume a new role as the Company’s CEO of Leasing Advisory, effective July 1, 2025. Ms. Brennan’s last day as the Company’s CFO will be June 30, 2025. In her new role, Ms. Brennan will continue to serve as a member of the GEB.
In connection with Ms. Brennan’s transition into her new role, the Company also announced the appointment of Kelly Howe, 53, as Chief Financial Officer of the Company, effective July 1, 2025. Ms. Howe will report to the Company’s Chief Executive Officer and President, Christian Ulbrich, and will become a member of the GEB.
Prior to her appointment as Chief Financial Officer, Ms. Howe most recently served as Chief Financial Officer for JLL’s Leasing Advisory business segment. Before joining JLL in January of 2024, Ms. Howe gained extensive financial leadership in the professional services sector which included serving as CFO for North America for Boston Consulting Group.
Effective July 1, 2025, Ms. Howe will (i) receive an annual base salary of $600,000, (ii) participate in the GEB Annual Incentive Plan (“GEB AIP”) with an annual 2025 target award of $1,000,000, which will be prorated at 50% (or $500,000) for the 2025 fiscal year (iii) participate in the GEB Long-Term Incentive Plan (“GEB LTIP”), with a GEB LTIP target of $1,500,000 with the first anticipated grant at the new target level expected to occur in the first quarter of 2026 and be delivered in a mix of Performance Stock Units (“PSUs”) and Restricted Stock Units (“RSUs”); and (iv) receive a one-time grant of RSUs in the amount of $675,000 in September 2025.
There are no family relationships between Ms. Howe and any director, executive officer or person nominated by the Company to become a director or executive officer, and there are no transactions between Ms. Howe or any of her immediate family members, on the one hand, and the Company or any of its subsidiaries, on the other, that would be required to be reported under Item 404(a) of Regulation S-K.
A copy of the press release issued by the Company announcing Ms. Brennan’s and Ms. Howe’s appointments is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
A copy of the press release issued by the Company announcing Ms. Brennan’s and Ms. Howe’s appointments is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Form 8-K under Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific referencing in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
EXHIBIT INDEX
| Exhibit No. | Description | ||||
| News release issued by Jones Lang LaSalle Incorporated on May 7, 2025 announcing Karen Brennan’s appointment as CEO of Leasing Advisory and Kelly Howe as Chief Financial Officer. | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 7, 2025 | |||||||||||
| Jones Lang LaSalle Incorporated | |||||||||||
| By: /s/ Alan K. Tse | |||||||||||
| Name: Alan K. Tse | |||||||||||
| Title: Global Chief Legal Officer | |||||||||||
Exhibit 99.1
News release
JLL announces senior leadership appointments
Karen Brennan appointed Chief Executive Officer of Leasing Advisory business globally
Kelly Howe to serve as next Chief Financial Officer of JLL
Appointments effective July 1, 2025
CHICAGO, May 7, 2025 – JLL today announced the following senior leadership appointments, effective July 1, 2025.
Karen Brennan, who has served for the past five years as the company’s Chief Financial Officer and sits on JLL’s Global Executive Board, has been appointed as Chief Executive Officer of JLL’s Leasing Advisory business globally.
Christian Ulbrich, President and CEO of JLL, said, “Throughout Karen’s more than 25 year tenure at JLL she has taken on numerous leadership roles across the business globally, and exemplified strategic vision, excellence in execution and dedication to our clients. This appointment recognizes the contributions Karen has made to JLL’s success, and our confidence in her ability to drive continued value for the stakeholders we serve.”
Kelly Howe, currently Chief Financial Officer for JLL’s Leasing Advisory business, will succeed Brennan as Chief Financial Officer. Howe joined JLL in January 2024 with more than 23 years of experience in professional services at Boston Consulting Group, most recently as their North America CFO. Upon becoming CFO, she will join JLL’s Global Executive Board.
Ulbrich continued, “Since joining JLL, Kelly has distinguished herself through her combination of strategic insights and focus on execution, rapidly identifying key business drivers and developing enhanced analytics for decision making. We look forward to the great impact she will have as CFO and a member of our senior leadership team.”
Andy Poppink, who currently serves as CEO, Leasing Advisory, will assume the role of CEO, Leasing Advisory, EMEA and APAC, reporting to Karen Brennan based out of Europe and step down from JLL’s Global Executive Board.
Ulbrich concluded, “Andy is a tremendous leader whose deep relationships with clients and colleagues have had a meaningful impact on our company and our industry, and I look forward to continuing to work closely with him, Karen and the Leasing Advisory team.”
About Karen Brennan
Karen Brennan has served as Chief Financial Officer of JLL since 2020. As a member of the Global Executive Board, she shapes and delivers JLL’s strategic vision and transformation agenda.
Prior to becoming CFO, Karen spent 21 years in JLL’s real estate investment management subsidiary, most recently as CEO of LaSalle Europe with overall responsibility for LaSalle’s $22 billion AUM pan-European private equity real estate investment management business.
During the course of her more than 25 years of experience, Karen has lived and worked in the U.S., the U.K., Singapore and Hong Kong, with responsibilities across North America, Europe and Asia Pacific. She was previously a member of the LaSalle Investment Committees in North America, the U.K. and Europe.
Karen holds a Bachelor of Business Administration degree, Summa Cum Laude from Loyola University Maryland and an MBA from The University of Chicago Booth School of Business.
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About Kelly Howe
Kelly Howe serves as Chief Financial Officer of JLL’s Leasing Advisory business. Reporting to CFO Karen Brennan, she partners with global and regional leadership to drive performance, strategic initiatives and long-term financial growth, supporting both investor and occupier clients in achieving their real estate objectives.
Prior to joining JLL in 2024, Kelly built over two decades of experience in the professional services sector with Boston Consulting Group (BCG). At BCG, she held progressively more responsible roles, most notably serving as the first North America Chief Financial Officer. There, she spearheaded financial initiatives that fueled business growth, managed risk and optimized operational effectiveness across the region. Her work with BCG’s Global and North America Finance teams encompassed a broad range of areas including business strategy, commercial acceleration and post-merger integration.
Kelly has an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Arts in Business Administration from the University of Washington.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: Jesse Tron
Phone: + 1 212 376 1215
Email: jesse.tron@jll.com