Mitchell Rudin, currently president of Savills North America, has been appointed as chairman and CEO, succeeding Mitchell Steir, who will step down after a 37-year career.
Steir has led Savills North America and its predecessor Studley Inc. since 2002, when he led a management buyout of Julien J. Studley Inc. from the firm’s founder, including arranging the 2014 acquisition of Studley Inc. by Savills plc, the global real estate service advisor listed on the London Stock Exchange.
“Mitchell Rudin joined Savills North America 18 months ago and, as president, has already revitalized our management team, including expanding our commitment to diversity and inclusion at the executive level, and led the continued growth of our business,” said Mark Ridley, group and global CEO of Savills. “We are confident that he is the right leader to take Savills forward in North America, driving growth, and delivering sustainable value for our clients and shareholders. On behalf of the board, I want to sincerely thank Mitch Steir for his many outstanding contributions to the firm. We wish him well in his future endeavors.”
Rudin joined Savills in 2018 and became president on January 1, 2019. Previously, he served as CEO of Mack-Cali Realty Corporation, where he was instrumental in transitioning Mack-Cali’s portfolio from troubled suburban offices to a dynamic mix of office and multi-family properties situated along the New Jersey waterfront and in transit-rich locations. Prior to Mack-Cali, Rudin served as CEO and president of U.S. commercial operations at Brookfield Office Properties. Before Brookfield, Mr. Rudin spent two decades at CBRE, eventually as CEO and president of CBRE’s New York tri-state region. Rudin earned a B.A. from Franklin & Marshall College and a J.D. from Boston College Law School.
