Sun, May 27, 2012, 10:07 PM EDT - U.S. Markets closed

Prudential Real Estate makes leadership changes

Prudential Real Estate announces leadership changes including succession plan for global COO

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PARSIPPANY, N.J. (AP) -- Prudential Real Estate Investors said Wednesday that it has established a succession plan for its retiring global chief operating officer and announced other senior leadership changes.

Global COO Dale Taysom announced plans to retire at the end of 2012, and Eric Adler was named his successor. Adler will work with Taysom this year to transition into the job while retaining his current role as head of the company's European business, Pramerica Real Estate Investors.

In his European role, Adler will be assisted by a newly formed European executive committee consisting of Andrew Radkiewicz, Jan-Baldem Mennicken, Phil Barrett, Gerhard Wittl and Raimondo Amabile.

Prudential Real Estate Investors, based in Parsippany, N.J., is a real estate investment management business, which offers investments in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America.

The company managed $48.6 billion in gross real estate assets on behalf of more than 490 clients worldwide as of Sept. 30. It is a unit of Prudential Financial Inc.

 

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