Doug Frye, who led Seattle-based Colliers International Group for more than a decade as it grew into a major real estate brokerage, has resigned as CEO just weeks after it was spun off as an independent public company, according to a regulatory filing Thursday.
Doug Frye, who led Seattle-based Colliers International Group for more than a decade as it grew into a major real estate brokerage with global presence, has resigned as CEO just weeks after it was spun off as an independent public company, according to a regulatory filing Thursday.
Jay Hennick, the major shareholder of both Colliers and FirstService, the parent real estate company it separated from, has added the Colliers CEO post to his previous role as chairman.
Dylan Taylor, who joined Colliers a year ago as chief operating officer, has been promoted to president and COO.
Hennick, who is based in Toronto, is the founder and chairman of FirstService, which provides property management services.
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Colliers has its “global head office” in Seattle and its “executive head office” in Toronto, according to its website. The company says it has 16,300 employees operating out of 502 offices in 67 countries, and reported first-quarter revenue of $608 million, a 22 percent increase.
Frye’s future plans were not disclosed in the Colliers announcement.
A statement from Hennick thanked Frye for “his years of service and contribution to the company” and said, “Our growth strategy will remain intact; a balance of strong internal growth augmented by strategic acquisitions as we continue to enhance our global platform in key markets around the world.”