JLL announces senior leadership appointments

Rhea-AI Summary

JLL (NYSE: JLL) announced key senior leadership changes effective July 1, 2025. Karen Brennan, current CFO and Global Executive Board member, has been appointed as CEO of JLL's Leasing Advisory business globally. Brennan brings over 25 years of experience at JLL to her new role.

Kelly Howe, currently CFO of JLL's Leasing Advisory business, will be promoted to company-wide CFO and join the Global Executive Board. Howe joined JLL in January 2024 with 23 years of experience at Boston Consulting Group. Additionally, Andy Poppink, current CEO of Leasing Advisory, will transition to CEO of Leasing Advisory for EMEA and APAC regions, reporting to Brennan, and will step down from the Global Executive Board.

Positive

• Strategic internal promotion of Karen Brennan with 25+ years of company experience to lead global Leasing Advisory business
• Addition of experienced executive Kelly Howe to CFO position, bringing 23 years of professional services expertise
• Maintenance of leadership continuity with Andy Poppink remaining in key regional role

Negative

• Loss of experienced CFO Karen Brennan from financial leadership role
• Relatively short tenure of Kelly Howe at JLL (joined 2024) before promotion to CFO position

Karen Brennan appointed Chief Executive Officer of Leasing Advisory business globally
Kelly Howe to serve as next Chief Financial Officer of JLL
Appointments effective July 1, 2025

CHICAGO, May 7, 2025 /PRNewswire/ -- JLL today announced the following senior leadership appointments, effective July 1, 2025. 

Karen Brennan, who has served for the past five years as the company's Chief Financial Officer and sits on JLL's Global Executive Board, has been appointed as Chief Executive Officer of JLL's Leasing Advisory business globally.

Christian Ulbrich, President and CEO of JLL, said, "Throughout Karen's more than 25 year tenure at JLL she has taken on numerous leadership roles across the business globally, and exemplified strategic vision, excellence in execution and dedication to our clients. This appointment recognizes the contributions Karen has made to JLL's success, and our confidence in her ability to drive continued value for the stakeholders we serve."  

Kelly Howe, currently Chief Financial Officer for JLL's Leasing Advisory business, will succeed Brennan as Chief Financial Officer. Howe joined JLL in January 2024 with more than 23 years of experience in professional services at Boston Consulting Group, most recently as their North America CFO. Upon becoming CFO, she will join JLL's Global Executive Board. 

Ulbrich continued, "Since joining JLL, Kelly has distinguished herself through her combination of strategic insights and focus on execution, rapidly identifying key business drivers and developing enhanced analytics for decision making.  We look forward to the great impact she will have as CFO and a member of our senior leadership team."

Andy Poppink, who currently serves as CEO, Leasing Advisory, will assume the role of CEO, Leasing Advisory, EMEA and APAC, reporting to Karen Brennan based out of Europe and step down from JLL's Global Executive Board. 

Ulbrich concluded, "Andy is a tremendous leader whose deep relationships with clients and colleagues have had a meaningful impact on our company and our industry, and I look forward to continuing to work closely with him, Karen and the Leasing Advisory team."  

About Karen Brennan
Karen Brennan has served as Chief Financial Officer of JLL since 2020. As a member of the Global Executive Board, she shapes and delivers JLL's strategic vision and transformation agenda. 

Prior to becoming CFO, Karen spent 21 years in JLL's real estate investment management subsidiary, most recently as CEO of LaSalle Europe with overall responsibility for LaSalle's $22 billion AUM pan-European private equity real estate investment management business.

During the course of her more than 25 years of experience, Karen has lived and worked in the U.S., the U.K., Singapore and Hong Kong, with responsibilities across North America, Europe and Asia Pacific. She was previously a member of the LaSalle Investment Committees in North America, the U.K. and Europe.

Karen holds a Bachelor of Business Administration degree, Summa Cum Laude from Loyola University Maryland and an MBA from The University of Chicago Booth School of Business.

About Kelly Howe
Kelly Howe serves as Chief Financial Officer of JLL's Leasing Advisory business. Reporting to CFO Karen Brennan, she partners with global and regional leadership to drive performance, strategic initiatives and long-term financial growth, supporting both investor and occupier clients in achieving their real estate objectives.

Prior to joining JLL in 2024, Kelly built over two decades of experience in the professional services sector with Boston Consulting Group (BCG). At BCG, she held progressively more responsible roles, most notably serving as the first North America Chief Financial Officer. There, she spearheaded financial initiatives that fueled business growth, managed risk and optimized operational effectiveness across the region. Her work with BCG's Global and North America Finance teams encompassed a broad range of areas including business strategy, commercial acceleration and post-merger integration.

Kelly has an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Arts in Business Administration from the University of Washington.

Contact: Jesse Tron
Phone: +1 212 376 1215 
Email: jesse.tron@jll.com 

 

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SOURCE JLL-IR

FAQ

Who is the new CEO of JLL's Leasing Advisory business?

Karen Brennan, JLL's current CFO, has been appointed as CEO of JLL's Leasing Advisory business globally, effective July 1, 2025.

Who will be JLL's new CFO in 2025?

Kelly Howe, currently CFO of JLL's Leasing Advisory business, will become JLL's company-wide CFO effective July 1, 2025.

What is happening to Andy Poppink at JLL?

Andy Poppink will transition from CEO of Leasing Advisory to CEO of Leasing Advisory for EMEA and APAC regions, reporting to Karen Brennan, and will step down from JLL's Global Executive Board.

When will JLL's new leadership appointments take effect?

All new leadership appointments at JLL will take effect on July 1, 2025.

What is Kelly Howe's background before joining JLL?

Kelly Howe worked at Boston Consulting Group for 23 years, most recently serving as their North America CFO, before joining JLL in January 2024.