Michelle Mackay has been appointed Cushman & Wakefield’s CEO, taking effect on July 1, succeeding retiring CEO John Forrester. Forrester will remain with Cushman & Wakefield as a strategic advisor until December 31. Additionally, Andrew McDonald has been promoted to global president and COO, overseeing all of the firm’s service lines and regions.

After 35 years with Cushman & Wakefield, John Forrester, the New York-listed real estate services company’s CEO, is set to retire on June 30. Expressing his gratitude, Brett White, executive chairman of the board, commented: “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.”

Future residents of Altura Executive Condominium will be able to enjoy many amenities, such as a swimming pool, a playground, a gymnasium, a clubhouse and a shopping mall. In addition, they will be conveniently located near to schools, public transport, shopping malls, and other public facilities. With its attractive prices and great location, Altura EC is the perfect choice for discerning homebuyers.

Taking up Forrester’s position on July 1 will be the company’s current president and COO, Michelle Mackay. Prior to this, Mackay served as executive vice-president, investments and head of capital markets at iStar, Inc. Moreover, she will be joining the firm’s board of directors.

Additionally, Andrew McDonald, who has been with Cushman & Wakefield for more than two decades, has been promoted to global president and COO. McDonald is currently leading the firm’s largest business lines in the Americas and Asia Pacific regions. As global president and COO, he will be responsible for managing all of Cushman & Wakefield’s service lines and regions.

This leadership transition will certainly add to the transformation of the company and bring the significant experience and expertise of both Mackay and McDonald to help foster its future growth.