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Brookfield Office Properties Announces Management Changes

Stocks in this article: BPO

Brookfield Office Properties Inc. (BPO: NYSE, TSX) and Brookfield Office Properties Canada (BOX.UN: TSX) today announced a series of promotions and an addition to its executive management team.

“In recognition of the company’s global expansion and of outstanding work, I am pleased to announce these management changes as part of our on-going executive planning, development and advancement efforts,” said Brookfield Office Properties CEO Ric Clark.

Dennis Friedrich has been promoted to president and global chief investment officer of Brookfield Office Properties. In this new role, Mr. Friedrich will be responsible for global growth strategy and overseeing acquisition and development activities throughout the company’s operating and target markets.

Tom Farley has been promoted to president and global chief operating officer of Brookfield Office Properties. In this new role, Mr. Farley will oversee asset management, leasing and property operating initiatives in Canada, Australia and the United Kingdom. Mr. Farley will also become chairman of Brookfield Office Properties Canada, the publicly listed Canadian subsidiary.

Jan Sucharda has been promoted to president and chief executive officer of Canadian commercial operations at Brookfield Office Properties and Brookfield Office Properties Canada. Mr. Sucharda was formerly president of these companies. In addition, the size of the Brookfield Office Properties Canada board of trustees is increasing by one seat which Mr. Sucharda will occupy.

Mitch Rudin is joining Brookfield Office Properties as president and chief executive officer of U.S. commercial operations, reporting to Ric Clark. Mr. Rudin has been president and CEO of CBRE’s New York Tri-State Region for the past seven years, having been with CBRE and its predecessor companies for more than 20 years. Mr. Rudin will start at Brookfield at the end of the month.

Ric Clark will be relinquishing the title of president of Brookfield Office Properties as well as the chairmanship of Brookfield Office Properties Canada.

The promotions are effective immediately.

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