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Board of Directors

​​​​​​​​​​​​​​​​Sheila A. Penrose

Chairman of the Board
JLL

Sheila Penrose has been a Director of JLL since May 2002 and was elected Chairman of the Board effective January 1, 2005. Ms. Penrose served as an Executive Advisor to The Boston Consulting Group from January 2001 to December 2007.  In September 2000, Ms. Penrose retired from Northern Trust Corporation, a bank holding company and a global provider of personal and institutional financial services, after more than 23 years of service. While at Northern Trust, Ms. Penrose served as President of Corporate and Institutional Services and as a member of the Management Committee. Ms. Penrose is a member of the board of directors of McDonald's Corporation, the world's leading foodservice retailer, and Datacard Group, a supplier of systems for card programs and identity solutions. Ms. Penrose received a Bachelors degree from the University of Birmingham in England and a Masters degree from the London School of Economics. She also attended the Executive Program of the Stanford Graduate School of Business.  In 2010, Ms. Penrose was inducted into the Chicago Business Hall of Fame.

Colin Dyer

President and Chief Executive Officer
JLL

Mr. Dyer has been a Director of JLL since September 2004, when he was elected President and Chief Executive Officer of the firm and the Chairman of its Global Executive Committee. Before that, from 2000 to 2004, he was the founding CEO of the WorldWide Retail Exchange, an Internet-based business-to-business exchange, with offices in Washington, D.C., Paris and Tokyo, whose members include more than 40 of the world's leading retailers and manufacturers. From 1996 until 2000, Mr. Dyer was CEO of Courtaulds Textiles plc, an international clothing and fabric company operating in 17 countries with 22,000 employees. He began his career with Courtaulds in 1982 as Managing Director of the Dutch retail chain, GDL, and held various positions with the company before being named Chief Executive. From 1978 to 1982, Mr. Dyer served with McKinsey & Company in Amsterdam as a client manager to firms in the banking, chemical, retail, petrochemical, medical equipment and aerospace industries. He holds an MBA from INSEAD in Fontainebleau, France, and a BSc in Mechanical Engineering from Imperial College in London.

Hugo Bagué

Group Executive
Rio Tinto

Hugo Bagué has been a Director of JLL since March 2011.  He is the Group Executive for Rio Tinto with overall responsibility for Human Resources, Health & Safety, Communities and Corporate Communications.  Headquartered in the United Kingdom, Rio Tinto is a leading international mining and metals group that employs 76,000 people worldwide in over forty countries.  Mr. Bagué was previously the global vice president of Human Resources for the Technology Solutions Group of Hewlett Packard Corporation, based on Palo Alto, California.  Prior to that he worked for Compaq Computer, Nortel Networks and Abbott Laboratories, based out of Switzerland, France and Germany.  Mr. Bagué is a member of the Advisory Council of United Business Institutes in Brussels, Belgium.  He received a degree in linguistics and post graduate qualifications in Human Resources and Marketing from the University of Ghent in Belgium.

DeAnne Julius

Former Chairman
Royal Institute of International Affairs

Dr. Julius has been a Director of JLL since November 2008.  She is the former Chairman of the Royal Institute of International Affairs, also known as Chatham House, a world-leading source of independent analysis, informed debate and influential ideas on how to build a prosperous and secure world.  Dr. Julius was previously a founding member of the Monetary Policy Committee of the Bank of England and was the Chief Economist at each of British Airways and Royal Dutch Shell.  She has served as a senior economic advisor to the World Bank and a consultant to the International Monetary Fund.  Dr. Julius currently serves on the board of directors of Roche Holding AG, the global healthcare and pharmaceutical firm, and the board of partners of Deloitte UK, a firm providing audit, consulting, financial advisory, risk management and tax services. She previously served as a member of the board of directors of BP PLC, one of the world’s largest energy companies.  Dr. Julius has a B.S. from Iowa State University and a Ph.D from the University of California.

Kate S. Lavelle

Retired Chief Financial Officer
Dunkin' Brands, Inc.

Kate S. Lavelle has been a Director of JLL since May 2013.  She served as the Executive Vice President and Chief Financial Officer of Dunkin’ Brands, Inc. from December 2004 until July 2010. With over 16,000 locations in more than 50 countries, Dunkin’ Brands is one of the world’s leading franchisors of quick service restaurants.  Ms. Lavelle served as Global Senior Vice President for Finance and Chief Accounting Officer of LSG Sky Chefs, a wholly owned subsidiary of Lufthansa Airlines providing airline catering on a global basis, from January 2003 until August 2004.  Mrs. Lavelle served in various other management positions for LSG Sky Chefs, from March 1998 until January 2003. She began her career at Arthur Andersen LLP where for more than 10 years she served as Senior Audit Manager in charge of administration of audits and other professional engagements. Since January 2012, she has served on the board of directors, and as a member of the audit committee, of Sonic Corp., the largest operator of drive-in restaurants in the United States.  From 2005 until July 2007, Ms. Lavelle served as a member of the board of directors of Swift & Company, an American food processing company that was acquired in 2007. She has a B.S. in Management from Tulane University.

Ming Lu

Partner
KKR & Co., L.P.

Mr. Lu has been a Director of JLL since May 2009.  Mr. Lu joined KKR Asia Limited in 2006 and since 2007 he has been a Partner with KKR & Co., L.P., a leading global alternative asset manager sponsoring and managing funds that make investments in private equity, fixed income and other assets in North America, Europe, Asia and the Middle East. In connection with his KKR position, Mr. Lu is a member of the board of directors of each of BIS Industrial Limited, a provider of logistics and materials handling services to the mining and metals industry in Australia; MMI Group, a precision engineering company based in Singapore that provides components to the hard disc, oil and gas and aerospace industries, Unisteel Technology Limited, a Singapore based provider of precision fastening, stamping, optics and surface treatment technologies; and Masan Consumer Corporation, a leading branded consumer goods company in Vietnam.  Prior to joining KKR, Mr. Lu was a Partner at CCMP Capital Asia Pte Ltd (formerly JP Morgan Partners Asia Pte Ltd), a leading private equity fund focusing on investments in Asia, from 1999 to 2006. Prior to that, he held senior positions at Lucas Varity, a leading global automotive component supplier, Kraft Foods International, Inc., and CITIC, the largest direct investment firm in China. Mr. Lu received a B.A. in economics from Wuhan University of Hydro Electrical Engineering in China and an M.B.A. from the University of Leuven in Belgium.

Martin H. Nesbitt

Co-CEO
The Vistria Group, LLC

Martin H. Nesbitt has been a Director of JLL since March 2011.  He currently serves as Co-CEO of The Vistria Group, LLC, a Chicago-based investment company focused on investing in the education, healthcare and financial services industries. Prior to co-founding Vistria, Mr. Nesbitt served as President and CEO of TPS Parking Management, LLC (dba, The Parking Spot), an owner and operator of off-airport parking facilities.  Mr. Nesbitt conceptualized and co-founded the Parking Spot and was responsible for running all strategic and operating aspects of the Company.  Prior to launching the Parking Spot, Mr. Nesbitt was an officer of the Pritzker Realty Group, L.P. (PRG), the real estate group for Pritzker family interests.  Before that, Mr. Nesbitt was a Vice President and Investment Manager at LaSalle Partners, one of the predecessor corporations to JLL.  Mr. Nesbitt also currently serves on the Board of Directors of Norfolk Southern Corporation, and is a Trustee of Chicago’s Museum of Contemporary Art and a member of The University of Chicago Laboratory School Board.  He is the former Chairman of the Board of the Chicago Housing Authority and a former member of Chicago 2016, the board that led Chicago's pursuit of the 2016 Olympics.  Mr. Nesbitt has an M.B.A. from the University of Chicago and a Bachelors degree and honorary doctorate from Albion College, Albion, Michigan.

Shailesh Rao

Vice President for Asia, Latin America and Emerging Markets
Twitter

Shailesh Rao has been a Director of JLL since September 2013.  He is the Vice President for Asia Pacific, Latin America and Emerging Markets at Twitter, the global on-line social networking service.  Before joining Twitter in April 2012, Mr. Rao served for seven years in a number of roles, including Managing Director for India, at Google, the global technology company focused on search, operating systems and platforms.  Mr. Rao earned the prestigious Google Founder's Award for his role in the development of Google Maps and Google Earth. He also played a leadership role in the growth of Google’s YouTube business globally as Vice President for the YouTube and Display businesses across Asia Pacific.  Mr. Rao has dual undergraduate degrees in Economics and History from the University of Pennsylvania with Honors and an M.B.A. from the Kellogg School of Management.

David B. Rickard

Retired Chief Financial and Administrative Officer
CVS Caremark Corporation

Mr. Rickard has been a Director of JLL since July 2007. In December 2009, he retired from his position as Chief Financial Officer and Chief Administrative Officer of CVS Caremark Corporation (NYSE:CVS), which he had held since September 1999.  CVS Caremark is the #1 provider of prescriptions and related healthcare services in the United States.  Prior to joining CVS Caremark, Mr. Rickard was the Senior Vice President and Chief Financial Officer for RJR Nabisco Holdings Corporation. He is currently a member of the Board of Directors, and Chairman of the Audit Committee, of Harris Corporation, an international communications and information technology company.  In January 2010, he became a member of the Board of Directors, and Chairman of the Audit Committee, of Dollar General Corporation, a discount retailer with more than 8,700 stores in 35 states. Mr. Rickard has a B.A. from Cornell University and an M.B.A. from Harvard Business School.

Roger T. Staubach

Executive Chairman, Americas
JLL

Mr. Staubach has been a Director and Executive Chairman of the Americas Region of JLL since July 2008.  Formerly, Mr. Staubach was Executive Chairman of The Staubach Company, the leading real estate services firm specializing in tenant representation, which merged with Jones Lang LaSalle in July, 2008.

Mr. Staubach founded The Staubach Company in 1977 and served as its Chairman and Chief Executive Officer until June 2007, when he became its Executive Chairman.  A 1965 graduate of the United States Naval Academy with a bachelor of science degree in engineering, Mr. Staubach served for four years as a Navy officer.  He then joined the Dallas Cowboys professional football team, from which he retired in March 1980.

Mr. Staubach is a member of the board of directors of AMR Corporation, the parent company of American Airlines, and Cinemark Holdings, Inc., the third largest movie exhibitor in the United States, and also served as the Chairman of the Host Committee for Super Bowl XLV, which was held in North Texas in 2011.  He has received numerous honors for his leadership in business, civic, philanthropic and athletic activities, including the 2006 Congressional Medal of Honor “Patriot Award” and the 2007 Horatio Alger Award.  He has also been inducted into the Texas Business Hall of Fame and named a “Distinguished Graduate” by the United States Naval Academy.​

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