The company will have 300 shareholders instead of divided stakes with its 68-office network. The rainmaker and founder will become executive chairman to glean more time to devote to customers, field offices and his personal life, which includes family, NASCAR and chairing the Super Bowl XLV plans for the region.

Gregory O'Brien, the driving force behind the Northeast region, has been named CEO after 14 years with the company. O'Brien will remain based in Washington, DC, where he now oversees six offices. In Dallas, John Gates will become president and COO, replacing long-time leader Elysia Ragusa, who joined the firm in 1989. She moves to president of Corporate Services East and Gates assumes the same role for the West. Gates, marking his 17th year with the company, was executive vice president for the entire firm and president of the Southwest Corporate Services.

The senior management changes also put Gates on the board of directors along with Dan Bellow, president of corporate services in Houston and Steve Stratton, the Chicago-based president of Corporate Services for the Midwest.

In a press release announcing the changes, Staubach the founder says he "will continue to be active on a full-time basis, performing all the same duties I have been doing, including working with and on behalf of our clients and ensuring that we retain our strong values and high levels of service." Staubach's firm now totals 1,500 professionals in the US, Canada and Mexico.