Ted Fredericks, one of 12 partners in the firm, rises from COO to the top slot to oversee day-to-day operations while Mohr remains chairman of the board and heads back to the streets to ply his skills as a broker. Mohr intends to focus on further development of Corporate Capital & Development, a group that he started last year.

Fredericks tells GlobeSt.com that the change in the president's seat is the final piece to a restructuring that also took root last year when Mohr the controlling shareholder sold shares internally. In addition to Fredericks who became a managing partner three years ago, other Dallas partners are Eric Beichler, Daniel Rudd, Paula Nodwell and Jennifer Norris while another seven hail from other US offices.

Fredericks confides that his new plan is to offer ownership stakes to investors from outside the office walls and add three more brokers this year and another four in 2004. The Mohr network currently consists of 12 brokers in Dallas and 60 in the other 14 offices in the US and Europe, according to Fredericks.

Fredericks says becoming president is a natural evolution of the skills that he brought to the firm. His crafting of the existing business plan included establishing a board from "different walks of life" as part of the restructuring as well as selling the stock and now taking over the helm. He was named COO about 2.5 years ago.

"Ted's insight and experience from the corporate user viewpoint significantly contribute to the success of our business through his unique ability to understand and relate from the clients' perspective," Mohr said in a press release.

Fredericks joined the firm in 1997 by merging his project management firm, Unique Facility Services, with Mohr Partners. His background also includes management positions with Software Spectrum and Rockwell International as well as being a co-founder of Info-Pro Inc., a network design, project management and consulting firm.