WASHINGTON, D.C. — Joseph Stettinius Jr. has been unanimously elected as Cassidy Turley's new chief executive officer (CEO) by the firm's board of directors, effective immediately. Stettinius is based in Cassidy Turley's Washington, D.C. office, which will become the company's headquarters.
The company was previously based in St. Louis, where former CEO Mark Burkhart resided. Burkhart will serve as an ongoing advisor to the company.
Stettinius has served as president of Cassidy Turley since the firm's inception in August 2008. From March 2007 to February 2010, he was CEO of predecessor firm Cassidy & Pinkard Colliers. In his new role, Stettinius will oversee all operations of the brokerage giant.
Cassidy Turley is a full-service firm serving owners, investors and tenants with a full spectrum of integrated commercial real estate services — including capital markets, tenant representation, project leasing and development services. The company includes more than 3,600 professional in more than 60 offices nationwide.
Stettinius' told Southeast Real Estate Business that his main goal for his first year as CEO is to leverage the company's success in its legacy markets and enhance Cassidy Turley's capabilities in some of its less mature markets. He cited markets such as Boston, Atlanta, Houston, Dallas and Los Angeles as being some of the company's targets.
“Well, first of all, this is a change in leader, not a change in management team. We're still focused on the same vision and strategy, which is to give our clients a choice in real estate that is tailored and integrated around their needs and goals.”
Since Stettinius was promoted from within, he said he will be able to maintain the momentum Cassidy Turley has established, but just bring a fresh energy to lead the company.
“Joe's leadership enhances our firm's ability to capitalize on the significant opportunity ahead,” said Wally Pinkard, chairman of Cassidy Turley. “This leadership change is consistent with our succession plan and is a natural time for a shift.”
“I look forward to leading Cassidy Turley as we continue to focus on expanding our capabilities and refining our platform to provide exceptional value and service to our clients,” adds Stettinius.
— Brittany Biddy