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CBRE GROUP, INC. 8-K Report, Executive Changes (Oct 27, 2017)

Reports
Leadership Changes
Filing Date
Filed October 27, 2017
Period End
October 24, 2017
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’16Mar ’16
  2. Leadership change8-K · Jul ’20Jul ’20
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed October 27, 2017. Cited figures are marked; the original filing is the authoritative source.

CBRE Group, Inc. (CBRE) filed an 8-K on October 27, 2017, to report a significant change in its financial leadership.

Gil Borok, the Deputy Chief Financial Officer and Chief Accounting Officer, has resigned, effective November 17, 2017, to pursue a new opportunity. This departure marks a transition in key accounting oversight for the company. In response to Mr. Borok's resignation, the company has appointed Arlin E.

Gaffner as interim Chief Accounting Officer, effective November 17, 2017. Mr. Gaffner brings substantial experience to this role, having previously served as the company's Chief Accounting Officer from March 2010 to March 2014, and currently holding the position of Chief Financial Officer for CBRE's Americas business. This interim appointment aims to ensure continuity in financial reporting and accounting functions.

02—Key points

Key Highlights

  1. Gil Borok, Deputy CFO and Chief Accounting Officer, is resigning effective November 17, 2017.
  2. Mr. Borok is leaving to pursue a new career opportunity.
  3. Arlin E. Gaffner will assume the role of Chief Accounting Officer on an interim basis.
  4. Mr. Gaffner's interim appointment is effective November 17, 2017, concurrent with Mr. Borok's resignation.
  5. Mr. Gaffner brings prior experience as the company's Chief Accounting Officer (2010-2014).
  6. Mr. Gaffner currently serves as CFO of CBRE's Americas business.
  7. The change in Chief Accounting Officer is effective November 17, 2017.

03—Questions

Frequently Asked Questions

  1. Why is Gil Borok resigning from CBRE?

    Gil Borok is resigning to pursue a new career opportunity.

  2. Who will replace Gil Borok as Chief Accounting Officer?

    Arlin E. Gaffner will assume the responsibilities of Chief Accounting Officer on an interim basis.

  3. What is Arlin E. Gaffner's experience with CBRE?

    Arlin E. Gaffner has prior experience as the company's Chief Accounting Officer from March 2010 to March 2014 and currently serves as the Chief Financial Officer for CBRE's Americas business.

  4. When will the leadership change be effective?

    The resignation of Gil Borok and the interim appointment of Arlin E. Gaffner as Chief Accounting Officer are both effective November 17, 2017.

04—Continue

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