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LONG BEACH, CA-The board of directors at healthcare REIT HCP Inc. has terminated president and CEO James A. Flaherty III and named Lauralee Martin, Americas CEO at Jones Lang LaSalle, to succeed him in those capacities effective immediately. Lead director Michael D. McKee will succeed Flaherty, who was also HCP’s chairman, as non-executive chairman; Flaherty will remain on the board. Separately, JLL said Thursday that president and CEO Colin Dyer would succeed Martin at the helm of the company’s Americas region.

“With the healthcare industry in transition, the board believes that Lauralee is perfectly suited by experience, expertise, leadership skills and temperament to move quickly and confidently to take advantage of opportunities that will both strengthen and grow HCP,” says McKee, a CEO himself with Bentall Kennedy (US). Martin has been a member of HCP’s board since 2008, and will continue to serve as one of its directors. The company is a key client of JLL.

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