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Article: REAL ESTATE SHAKEUP: Sheryl Pressler out as Lend Lease CEO; Sources claim she didn't bring in business or assimilate acquisitions.(chief executive officer)(Brief Article)
- Article from:
- Pensions & Investments
- Article date:
- April 2, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA - They made her an offer she had to refuse.
Last week Sheryl Pressler left Lend Lease Real Estate Investments Inc. after the company removed her from her post as chief executive officer of U.S. operations and offered her another senior position she couldn't accept. Sources familiar with the situation said she was asked to step down from the U.S. job after failing to bring in enough new business and integrate the company's recent acquisitions.
Lend Lease, which hired Ms. Pressler with much fanfare just a year ago, announced in a news release that she had turned down another senior position with the global company for personal reasons and would ...