CBRE Group Inc. and Brett, chief executive officer, entered into a Transition Agreement in connection with Mr. White's desire to retire on December 31, 2012. At Board meeting on November 8, 2012, Mr. White reported that the planned leadership transition had been successfully completed over a month ahead of schedule. As a result, Mr. White requested that his retirement date be accelerated to midnight November 30, 2012 to allow Robert E. Sulentic, president of the company, to assume the position of chief executive officer as of December 1, 2012.

Mr. White will remain on board of directors and as a member of its executive and acquisition committees. The board of directors has appointed Mr. Sulentic to become chief executive officer, effective December 1, 2012.