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Board of directors & governance

​​Sheila A. Penrose

Chairman of the Board
JLL

Sheila Penrose has been a Director of JLL since May 2002 and was elected Chairman of the Board effective January 1, 2005. Ms. Penrose served as an Executive Advisor to The Boston Consulting Group from January 2001 to December 2007.  In September 2000, Ms. Penrose retired from Northern Trust Corporation, a bank holding company and a global provider of personal and institutional financial services, after more than 23 years of service. While at Northern Trust, Ms. Penrose served as President of Corporate and Institutional Services and as a member of the Management Committee. Ms. Penrose is a member of the board of directors of McDonald's Corporation, the world's leading foodservice retailer, and Datacard Group, a supplier of systems for card programs and identity solutions. Ms. Penrose received a Bachelors degree from the University of Birmingham in England and a Masters degree from the London School of Economics. She also attended the Executive Program of the Stanford Graduate School of Business.  In 2010, Ms. Penrose was inducted into the Chicago Business Hall of Fame.

Christian Ulbrich

Chief Executive Officer
JLL

Mr. Ulbrich is Chief Executive Officer of JLL.  Mr. Ulbrich has overall responsibility for guiding JLL’s strategic direction and growth and for chairing the firm’s Global Executive Board, the most senior internal management committee.  He became CEO in October 2016 and has been a member of the firm’s Board of Directors since May 2016 when he was elected President of JLL.  From January 2009 to May 2016, Mr. Ulbrich was the Chief Executive Officer for JLL’s Europe, Middle East and Africa (EMEA) region. From April 2005 through December 2008, he was the Managing Director of JLL’s German business and member of the EMEA regional board. Prior to that, Mr. Ulbrich was the Chief Executive Officer of the HIH group of companies headquartered in Hamburg, Germany and part of M.M. Warburg Bank. For the ten years prior to that, he held various positions within German and international banks. Mr. Ulbrich is a member of the board of directors of Vonovia SE, Germany’s largest residential real estate company. He has a Diplom Kaufmann degree in Business Administration from the University of Hamburg.

Hugo Bagué

Group Executive
Rio Tinto

Hugo Bagué has been a Director of JLL since March 2011.  He is the Group Executive for Rio Tinto with overall responsibility for Human Resources, Health & Safety, Communities and Corporate Communications.  Headquartered in the United Kingdom, Rio Tinto is a leading international mining and metals group that employs 76,000 people worldwide in over forty countries.  Mr. Bagué was previously the global vice president of Human Resources for the Technology Solutions Group of Hewlett Packard Corporation, based on Palo Alto, California.  Prior to that he worked for Compaq Computer, Nortel Networks and Abbott Laboratories, based out of Switzerland, France and Germany.  Mr. Bagué is a member of the Advisory Council of United Business Institutes in Brussels, Belgium.  He received a degree in linguistics and post graduate qualifications in Human Resources and Marketing from the University of Ghent in Belgium.  

Samuel A. Di Piazza, Jr.

Retired Global Chief Executive Officer
PricewaterhouseCoopers International Ltd.

Samuel Di Piazza has been a Director of JLL since May 2015.  Mr. Di Piazza retired as Global Chief Executive Officer of PricewaterhouseCoopers International Ltd. in September 2009, after eight years of leading the largest professional services firm in the world. Over his thirty‑six year career at PwC, he led the US Firm as Chairman and Senior Partner, the Americas Tax Practice and was a member of the Global Leadership Team. After retiring from PwC, Mr. Di Piazza joined Citigroup, Inc., where he served as Vice Chairman of the Global Corporate and Investment Bank from 2011 until February 2014. He currently serves as the Chair of the Board of Trustees of Mayo Clinic. Mr. Di Piazza serves on the board of directors of DirecTV, Inc., ProAssurance, Inc. and AT&T Inc., all NYSE‑listed companies. He is a member of the Executive Committee of St. Patrick’s Cathedral in New York City and The Inner City Scholarship Fund of New York City. He is a Trustee of the USA Foundation Board of the World Economic Forum and a member of the Executive Committee of the National September 11th Memorial and Museum. Mr. Di Piazza has served as a Trustee of the International Financial Reporting Standards Foundation, and is past Chairman of the Geneva‑based World Business Council on Sustainable Development, The Conference Board, Inc., Junior Achievement Worldwide and the Financial Accounting Foundation, the oversight body of the FASB. Mr. Di Piazza received a B.S. in accounting from the University of Alabama and an M.S. from the University of Houston. Mr. Di Piazza is the co‑author of Building Public Trust: The Future of Corporate Reporting. 

Colin Dyer

Retired Chief Executive Officer
JLL

Mr. Dyer retired as Chief Executive Officer of JLL in October 2016 but remains a member of the Board of Directors.  Since Mr. Dyer joined JLL as CEO in 2004, and until his retirement, the firm’s revenues more than tripled through organic growth, over 80 strategic acquisitions across the globe, and the addition of 100 offices and 25 new countries to its geographic footprint. Mr. Dyer holds an MBA from INSEAD in Fontainebleau, France, and a BSc in Mechanical Engineering from Imperial College in London.  He is a member of The Chicago Club, the Economic Club of Washington, D.C. and is a member of the Royal Institution of Chartered Surveyors.  He is on the Board of Directors of The Executives’ Club of Chicago.

Dame DeAnne Julius

Chairman
University College London

Dr. Julius has been a Director of JLL since November 2008.  She is the former Chairman of the Royal Institute of International Affairs, also known as Chatham House, a world-leading source of independent analysis, informed debate and influential ideas on how to build a prosperous and secure world.  Dr. Julius was previously a founding member of the Monetary Policy Committee of the Bank of England and was the Chief Economist at each of British Airways and Royal Dutch Shell.  She has served as a senior economic advisor to the World Bank and a consultant to the International Monetary Fund.  Dr. Julius currently serves on the board of directors of Roche Holding AG, the global healthcare and pharmaceutical firm, and the board of partners of Deloitte UK, a firm providing audit, consulting, financial advisory, risk management and tax services. She previously served as a member of the board of directors of BP PLC, one of the world’s largest energy companies.  Dr. Julius has a B.S. from Iowa State University and a Ph.D from the University of California.

Ming Lu

Partner
KKR & Co., L.P.

Mr. Lu has been a Director of JLL since May 2009.  Mr. Lu joined KKR Asia Limited in 2006 and since 2007 he has been a Partner with KKR & Co., L.P., a leading global alternative asset manager sponsoring and managing funds that make investments in private equity, fixed income and other assets in North America, Europe, Asia and the Middle East. In connection with his KKR position, Mr. Lu is a member of the board of directors of each of BIS Industrial Limited, a provider of logistics and materials handling services to the mining and metals industry in Australia; MMI Group, a precision engineering company based in Singapore that provides components to the hard disc, oil and gas and aerospace industries, Unisteel Technology Limited, a Singapore based provider of precision fastening, stamping, optics and surface treatment technologies; and Masan Consumer Corporation, a leading branded consumer goods company in Vietnam.  Prior to joining KKR, Mr. Lu was a Partner at CCMP Capital Asia Pte Ltd (formerly JP Morgan Partners Asia Pte Ltd), a leading private equity fund focusing on investments in Asia, from 1999 to 2006. Prior to that, he held senior positions at Lucas Varity, a leading global automotive component supplier, Kraft Foods International, Inc., and CITIC, the largest direct investment firm in China. Mr. Lu received a B.A. in economics from Wuhan University of Hydro Electrical Engineering in China and an M.B.A. from the University of Leuven in Belgium.

Bridget Macaskill

Non-executive Chairman
First Eagle Holdings, Inc.

Bridget Macaskill has been a director since July 1, 2016.  Ms. Macaskill is the non-executive chairman of First Eagle Holdings, Inc. and serves as senior adviser to First Eagle Investment Management and to its CEO. She was formerly president and chief executive officer of First Eagle, which she joined in 2009. With a heritage dating to 1864, First Eagle has $94 billion in assets under management. Prior to joining First Eagle, Ms. Macaskill served as chief operating officer, president, chief executive officer and chairman of Oppenheimer Funds, Inc., where she is recognized for creating the Oppenheimer Funds' Women & Investing program, dedicated to educating American women about the need to take charge of their personal finances. Ms. Macaskill has served on a number of public company and not-for-profit boards and is currently on the boards of Jupiter Fund Management plc., merchant banking firm Close Brothers plc., and the TIAA-CREF mutual funds. A native of the United Kingdom, Ms. Macaskill earned a B.Sc. in Psychology from the University of Edinburgh and completed post graduate studies at the Edinburgh College of Commerce.

Martin H. Nesbitt

Co-Chief Executive Officer
The Vistria Group, LLC

Martin H. Nesbitt has been a Director of JLL since March 2011. He currently serves as Co-Chief Executive Officer of The Vistria Group, LLC, a private equity investment firm. Until January 2013, he was President and CEO of TPS Parking Management (known as the Parking Spot), a Chicago-based owner and operator of off-airport parking facilities which he conceived and co-founded. Prior to launching the Parking Spot, Mr. Nesbitt was an officer of the Pritzker Realty Group, L.P. Before that, Mr. Nesbitt was a Vice President and Investment Manager at LaSalle Partners, one of the predecessor corporations to JLL. Mr. Nesbitt is a member of the board of directors of Norfolk Southern Corporation, one of the premier rail transportation companies in the United States. He is a Trustee of Chicago’s Museum of Contemporary Art and a member of The University of Chicago Laboratory School Board. He is also the former Chairman of the Board of the Chicago Housing Authority and a former member of Chicago 2016, the board that led Chicago's pursuit of the 2016 Olympics. Mr. Nesbitt has an M.B.A. from the University of Chicago and a Bachelors degree and honorary doctorate from Albion College, Albion, Michigan.​

Ann Marie Petach

Retired Chief Financial Officer
BlackRock, Inc.

Ann Marie Petach has been a Director of JLL since May, 2015 and Chairman of the Audit Committee since May, 2016.  From 2007 until 2014, Ms. Petach was a senior leader at BlackRock, Inc., the world’s largest investment management firm managing over $4.6 trillion of assets on behalf of governments, companies, foundations, and millions of individuals globally. Most recently, Ms. Petach was the co-head of US Client Solutions and prior to that she was the Chief Financial Officer of BlackRock. Prior to joining BlackRock in 2007, Ms. Petach was Vice President, Treasurer at Ford Motor Company, where she worked for the firm in the US, Europe and South America over a period of 23 years. Ms. Petach is currently a member of the board of directors of certain of BlackRock’s affiliated companies and she is a trustee, secretary and treasurer of the Financial Accounting Foundation. Ms. Petach earned a B.A. degree in business and Spanish from Muhlenberg College in 1982 and a MSIA degree from Carnegie Mellon University in 1984.

Shailesh Rao

Former Vice President for Asia, Latin America and Emerging Markets
Twitter

Shailesh Rao has been a Director of JLL since September 2013.  Until September 2016 he was the Vice President for Asia Pacific, Latin America and Emerging Markets at Twitter, the global on-line social networking service.  Before joining Twitter in April 2012, Mr. Rao served for seven years in a number of roles, including Managing Director for India, at Google, the global technology company focused on search, operating systems and platforms.  Mr. Rao earned the prestigious Google Founder's Award for his role in the development of Google Maps and Google Earth. He also played a leadership role in the growth of Google’s YouTube business globally as Vice President for the YouTube and Display businesses across Asia Pacific.  Mr. Rao has dual undergraduate degrees in Economics and History from the University of Pennsylvania with Honors and an M.B.A. from the Kellogg School of Management.