HFF, Inc. (NYSE: HF, the Company) announced today the expansion of the executive committee of the Operating Partnerships (Holliday Fenoglio Fowler, L.P. (HFF LP) and HFF Securities L.P. (HFF Securities and, collectively with HFF LP, the Operating Partnerships)) effective January 1, 2014.
Executive managing directors H. Scott Galloway, Matthew D. Lawton, Gerard T. Sansosti and Manuel A. de Zárraga, who are each current members of the Operating Partnerships’ Leadership Team as well as current ad-hoc members of the 2013 executive committee, have each been elected to serve as voting members of the executive committee of the Operating Partnerships effective January 1, 2014. They will join executive managing directors Mark D. Gibson, John H. Pelusi, Jr. and Joe B. Thornton, who have each been voting members of the executive committee and members of the Leadership Team of the Operating Partnerships, as well as members of the Board of Directors of the Company, since their respective inceptions, and who were each also re-elected to continue to serve as voting members of the executive committee for 2014. John P. Fowler, executive managing director, Gregory R. Conley, the Company’s CFO, and Nancy O. Goodson, the Company’s COO, who are each currently members of the Leadership Team and ad-hoc members of the 2013 executive committee of the Operating Partnerships, will remain as ad-hoc members of the executive committee in 2014 as well. Additional ad-hoc members may be added to the executive committee on an as-needed basis in 2014 if conditions warrant.
“As we reported in our November 4, 2013 earning release and subsequent earnings call, the purpose of expanding our executive committee is to assure we have sufficient management resources available to train, mentor, educate and lead our existing and future (a) office heads, (b) business line and product specialty team leaders, and (c) transaction professionals in order to better serve our clients. Our significant growth in associates (66.5% since 2010) and transaction professionals (58% since 2010), the creation of our Leadership Team at the end of 2010 along with its continued expansion in 2012, and this expansion of our executive committee, demonstrates the company’s continued commitment to and investment in strategically growing its business by taking advantage of all appropriate opportunities to expand our market share and generate returns for our shareholders,” said John H. Pelusi, Jr., CEO of HFF, Inc.
Through its subsidiaries, Holliday Fenoglio Fowler, L.P. and HFF Securities L.P., HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales and commercial loan servicing. www.hfflp.com.
- Board & Management Changes