Andrew Bibby Becoming Grosvenor Americas CEO

SAN FRANCISCO-Andrew Bibby has been tapped to succeed Bill Abelmann as CEO of locally based Grosvenor Americas, the US division of the London-based international property development, investment and fund management group. Currently the company’s chief development officer, Bibby will relocate here from Vancouver, BC, later this year and will assume the CEO role from Bill Abelmann on Jan. 1, 2009.

The succession plan has been in the works for the past 12 months. A company source tells GlobeSt.com that Bibby will begin working out of the company’s offices on the 25th floor of 1 California St. sometime in the second half of the year. Bibby was not available Thursday afternoon for comment. His replacement as chief development officer is expected to be named this summer.

“After 32 years, Abelmann feels it is time to hand the role over to the next generation of leadership,” the source says. “The decision [to promote Bibby] was based on Bibby’s overall experience, leadership qualities and property skills.”