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