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Article: `Strategic review' under way: Lend Lease clients keep close watch as officials come, go; David Ross, the firm's third U.S. CEO in as many years, is 'reviewing the landscape'.(News)(Lend Lease Real Estate Investments names David Ross chief executive officer of U.S. operations)
- Article from:
- Pensions & Investments
- Article date:
- February 17, 2003
CopyrightCOPYRIGHT 2003 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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Byline: Ricki Fulman
ATLANTA - The revolving door of CEOs at Lend Lease Real Estate Investments is making clients and consultants dizzy.
When the Atlanta-based real estate investment firm last month named David Ross chief executive officer of U.S. operations, he became the company's third U.S. CEO in three years.
As a result of the latest change, most pension fund clients are monitoring their Lend Lease portfolios carefully. And the $8 billion Kansas Public Employees' Retirement System, Topeka, has put the firm on probation, said Bob Schau, real estate investment officer.
Before his appointment, Mr. Ross was global CEO in charge of the ...