Jones Lang LaSalle Appoints New Chief Operating Officer
On September 16, Jones Lang LaSalle (NYSE:JLL) appointed Paul Morgan as its new Chief Operating Officer and added him to the Global Executive Board. The role is newly created with a mandate to consolidate operational expertise across the firm into one global team under CEO Christian Ulbrich’s leadership. The move follows strong second-quarter results, reported on July 30, where diluted earnings per share doubled in local currency terms. Revenue rose 11% year-over-year to $6.9 billion with leasing and capital markets showing the fastest growth. Adjusted EBITDA increased by 32%, indicating margin expansion as revenue grew. Despite these gains, some challenges remain: adjusted EPS was boosted partly due to non-recurring expenses in prior periods, while certain segments like Investment Management showed flat performance. Growth also came at a cost with higher commission rates and uneven cash flow patterns observed over the first half of 2026.
Tickers: $JLL
Topics: corporate leadership earnings performance operations strategy