Last week, Blackstone announced that real estate executiveJonathan Gray solidified his role as heir apparent to CEO StephenSchwarzman. Gray, who runs the firm's $115-billion real estatebusiness, will become president and chief operating officer thanksto Tony James, who is handing over day-to-day management of thebusiness.
Blackstone deserves a round of applause for thoughtfullyplanning and executing on a succession plan for Schwarzman. Thetransition from one CEO to another is critical to the company'shistory. A well-orchestrated transition is essential to maintainthe confidence of investors, business partners, customer andemployees.
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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.
