CBRE has appointed Paula Reynolds as a Board Member. Reynolds brings considerable C-suite and board member experience to the board of the real estate consultant, further broadening the board's capacity for strategic insight.
Paula Reynolds is currently the Chief Executive Officer of her own business advisory firm, Preferwest. Concurrently, she was a Director at the Anadarko Petroleum Corporation between 2004 and 2014, and Chair of the Audit Committee at Delta Air Lines between 2013 and 2015. Prior to starting her own business in 2009, Reynolds was the Vice Chairman and Chief Restructuring Officer at the American International Group from 2008, previous to which she was the Chairman and Chief Executive Officer at Safeco from 2006. Earlier roles include Chairman and CEO at AGL Resources, between 1998 and 2005, CEO of Duke Energy Power Services, between 1995 and 1998, Senior Vice President at the Pacific Gas Transmission Company, between 1995 and 1988, and various other management positions at Pacific Gas and Electric from 1979, where she started her career.
Reynolds holds a Bachelor of Arts in Economics from Wellesley College. She holds a number of high-level board positions, including being a Board Member for BAE Systems, a Chairman of the Board of Trustees for the Fred Hutchinson Cancer Research Center, the Chair of the HR Committee at TransCanada, and Member of the Board at BP.
The announcement from CBRE’s Board of Directors sees Reynolds appointed as a Member of the Group’s board. The position will broaden the board’s business acumen with Reynolds's almost 40 years of professional experience, says Ray Wirta, CBRE’s Chairman of the Board. “Paula is a wonderful addition to our Board. We will benefit significantly from her extensive, far-reaching experience and proven strategic insight.”
Reynolds says that she is “very pleased” about the appointment to the CBRE Board. She further reflects: “The company is the leading firm in commercial real estate services and has a well-established strategy to strengthen its market position. I look forward to working with my fellow directors to help the company continue its success and further build shareholder value.”
With revenues of over $9 billion, generated by more than 52,000 employees, CBRE is a leading advisory player in the global real estate and property market.