NEW YORK CITY—Brookfield Office Properties president and CEO Mitch Rudin is leaving the company at the end of June. It was unclear at press time where Rudin is headed.

In a prepared statement, a Brookfield spokesman says, “With the consolidation of Brookfield Office Properties into Brookfield Property Partners, and the near completion of the re-development and re-leasing of Brookfield Place, Mitch Rudin's capabilities would not be fully utilized going forward.  Regrettably, we announce that Mitch will be leaving the company at the end of June.

“Every year during his tenure, the US division of Brookfield Office Properties exceeded operational targets and prospered," he continues. "Mitch was instrumental in our success at Brookfield Place and has played a key role in transactions and relationship building across our US markets.  Most importantly, he was critical in elevating the Brookfield brand through the programs that he initiated. We thank Mitch for his many contributions to Brookfield Office Properties and wish him well as he begins the next phase of his career.”

Rudin joined Brookfield in 2011 after a long sting in the executive suite at CBRE. His contract with the former firm is through 2016, according to Crain's New York Business, and likely includes a clause guaranteeing a salary through that time.

As part of Rudin's exit, it seems his management position, the head of US operations, will be cut, Crain's says. The company's management was reshuffled in 2012 when Dennis Friedrich, a longtime executive at the firm, was elevated to CEO, and Ric Clark, who had formerly held that title, was also promoted, to chairman of the corporation's board. Friedrich will take on much of the responsibilities that had been previously under Rudin's purview.