Search
 

Succession Planning

Last week, Blackstone announced that real estate executive Jonathan Gray solidified his role as heir apparent to CEO Stephen Schwarzman. Gray, who…

Anthony LoPinto

Last week, Blackstone announced that real estate executive Jonathan Gray solidified his role as heir apparent to CEO Stephen Schwarzman. Gray, who runs the firm’s $115-billion real estate business, will become president and chief operating officer thanks to Tony James, who is handing over day-to-day management of the business.

Blackstone deserves a round of applause for thoughtfully planning and executing on a succession plan for Schwarzman. The transition from one CEO to another is critical to the company’s history. A well-orchestrated transition is essential to maintain the confidence of investors, business partners, customer and employees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Anthony J. LoPinto

Anthony J. LoPinto

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.

More from this author

Recommended Stories

Seattle Renters Take the Biggest Wallet Hits

Seattle Renters Take the Biggest Wallet Hits

Lisa Brown |

The local job market and Seattle’s appeal to Millennials are the two pillars that will continue to support the extraordinary demand for rental housing in one of the most active US multifamily markets.

Silicon Valley Retail Space is Aging Out

Silicon Valley Retail Space is Aging Out

Lisa Brown |

Market Park San Jose, the $2.5 billion 120-acre mixed-use development, is rapidly taking shape to fill the retail void and will be the largest transit-oriented development in Silicon Valley when completed.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.