Businessweek

Jones Lang LaSalle expanded its Melville office with the twin hires of Eric Launer and Michael Aievoli as executive vice presidents. Both previously served as principals at Newmark Grubb Knight Frank.

Jones Lang LaSalle Incorporated has named Christie B. Kelly as Chief Financial Officer, effective July 1, 2013. In this role, she will provide leadership to drive growth, oversee financial and business planning activities, and direct investor and banking relations. She will report to Colin Dyer, President and Chief Executive Officer, and join the firm's Global Executive Committee. She replaces Lauralee Martin, who has maintained the CFO role since becoming Chief Executive Officer for the Americas business in January. Kelly has had extensive global experience in business and financial leadership positions with public companies. Most recently, she served as Executive Vice President and Chief Financial Officer of Duke Realty Corporation.

Jones Lang LaSalle Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income attributable to common shareholders of $13,156,000 or $0.29 per diluted share on revenues of $855,988,000 compared to net income attributable to common shareholders of $14,024,000 or $0.31 per diluted share on revenues of $813,294,000 a year ago. Operating income was $20,100,000 compared to $14,571,000 a year ago. Income before income taxes and non controlling interest was $17,659,000 compared to $18,993,000 a year ago. Net income was $13,262,000 compared to $14,169,000 a year ago. EBITDA was $44,555,000 compared to $45,933,000 a year ago. Cash used in operating activities was $301,456,000 compared to $196,122,000 a year ago. Adjusted operating income was $23,900,000 compared to $25,700,000 a year ago. Adjusted net income was $16,000,000 or $0.36 per share compared to $22,300,000 or $0.50 per share a year ago. Adjusted EBITDA was $47,723,000 compared to $54,885,000 a year ago. The total net debt was $870,000,000 at quarter end, flat with the first quarter last year. The company also announced a semi-annual dividend of $0.22 per share, a 10% increase from the $0.20 per share payment made in December 2012.

Vivian Rosser appointed as a director in the affordable housing consultancy team at Jones Lang LaSalle. He joins from Ibis Project Services.

Jones Lang LaSalle Incorporated announced that Lauralee Martin, formerly the company’s Chief Operating and Financial Officer who has assumed the role of Chief Executive Officer for the company’s Americas business segment, has elected not to stand for re-election to the Board in order to focus her attention on her new responsibilities and consistent with her colleagues who lead other principal business segments.