Brookfield Property Partners yesterday (Tuesday) wished departing Global Office Division CEO Dennis Friedrich “the very best.ˮ
With no further comment, the company confirmed Friedichʼs exit, which was first reported in the New York Post.
The newspaper reported Tuesday that the 50-year-old executive had resigned and would officially step down from the company on January 15.
Friedrich was appointed Chief Executive Officer of Brookfield in July 2012 following a year as President and Global Chief Investment Officer, according to his bio on the company’s website.
Prior to that, he moved his way up as an executive in the U.S. Commercial Operations division, going from COO, to President, to CEO of U.S. Commercial Operations.
The former executive was involved with several major acquisitions the company made, including the Trizec deal in 2006. Friedrich also previously held the role of head of Strategic Initiatives for the U.S. property portfolio.
Prior to joining Brookfield Office Properties, Friedrich was co-head of Jones Lang LaSalle’s tenant advisory practice in New York.
The New York Post speculated that Friedrich might have left due to the “growing complexity of Brookfield’s corporate structure” leading to an overcrowded office environment, and a sense that his role as CEO might be diminished.