8-K

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 23, 2016

Jones Lang LaSalle Incorporated

(Exact name of registrant as specified in its charter)

Maryland	001-13145	36-4150422
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer Identification No.)
of incorporation or organization)

200 East Randolph Drive, Chicago, IL	60601
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 312-782-5800

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]	Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Retirement of Colin Dyer as Chief Executive Officer

On August 24, 2016, Jones Lang LaSalle Incorporated (the “Company”) announced that Colin Dyer has chosen to retire from the Company on December 31, 2016 and step down from his role as the Company’s Chief Executive Officer on September 30, 2016 after 12 years of service to the Company as its principal executive officer.

Mr. Dyer will then serve as a part-time consultant to the Company through December 31, 2017. He intends to remain a member of the Board of Directors (the “Board”) of the Company until the Annual Meeting of Shareholders in May, 2017, at which time he does not intend to stand for re-election to the Board.

Mr. Dyer’s retirement is not related to any disagreement between him and the Company regarding its operations, policies or practices.  

Appointment of Christian Ulbrich as Successor Chief Executive Officer

In addition, on August 24, 2016, the Company announced that Christian Ulbrich, who is currently the Company’s President and a member of the Board, will succeed Mr. Dyer as the Company’s Chief Executive Officer and principal executive officer, effective October 1, 2016. Mr. Ulbrich will retain his title as President of the Company and will remain a member of the Board. He will also chair the Global Executive Board (the “GEB”), the Company’s most senior internal management committee.

Mr. Ulbrich joined the Company in 2005 as Managing Director of the Company’s German business and held the role of EMEA CEO since 2009 before being named President earlier this year. Before joining the Company, Mr. Ulbrich was the Chief Executive Officer of the HIH group of companies headquartered in Hamburg, Germany and part of M.M. Warburg Bank. For the ten years prior to that, he held various positions within German and international banks. Mr. Ulbrich is a member of the board of directors of Vonovia SE, Germany’s largest residential real estate company. He has a Diplom Kaufmann degree in Business Administration from the University of Hamburg.

There is no arrangement or understanding with any other person pursuant to which Mr. Ulbrich was selected to serve as the Company’s President and Chief Executive Officer or a member of the Board, and there are no family relationships between Mr. Ulbrich and any director or executive officer of the Company. Additionally, there are no transactions between the Company and Mr. Ulbrich that would be required to be reported under Item 404(a) of Regulation S-K.

A copy of the press release announcing Mr. Dyer’s retirement and Mr. Ulbrich’s promotion is attached as Exhibit 99.1 and is incorporated herein by reference.

Retirement Agreement with Mr. Dyer

In order to facilitate the transition of Mr. Dyer’s responsibilities and the Company’s overall leadership succession, the Compensation Committee of the Board (the “Committee”) has approved a retirement letter agreement between the Company and Mr. Dyer (the “Retirement Agreement”).

In the Retirement Agreement, Mr. Dyer has agreed to:

• Remain in his current Chief Executive Officer role through September 30, 2016;

• Continue as a full-time employee of the Company through December 31, 2016, in order to provide transition services, on which date he will retire;

• Provide part-time consulting services through December 31, 2017;

• Not solicit clients or employees of the Company through March 31, 2018; and

• Not accept employment with, or serve as a board member for, certain specified firms through March 31, 2018.

The Board has requested that Mr. Dyer remain a member of the Board through the time of the Annual Meeting of Shareholders in May, 2017, which Mr. Dyer has indicated it is his present intention to do.

In consideration for his agreements, Mr. Dyer:

• Will continue to receive his current annual base salary of $750,000 through December 31, 2016;

• Will be eligible to receive his 2016 target annual incentive bonus under the GEB Annual Incentive Plan of $5,920,000 by March 15, 2017;

• Will be eligible to receive his 2016 target payment of $3,013,000 in cash under the Company’s GEB 2015-2020 Long-Term Incentive Compensation Program (the “GEB LTIP”);

• Will receive $80,000 for his continued service on the Board;

• For his non-competition obligations, will receive $1,000,000 promptly after October 1, 2016; and

• For his consulting obligations as an independent contractor, will receive $750,000, payable in 4 equal installments of $187,500 after the end of each calendar quarter in 2017.

In addition, all previously awarded but unvested cash and restricted stock units will continue to vest according to their original vesting schedules.

The above summary of the Retirement Agreement is qualified in its entirety by reference to such agreement, which is attached as Exhibit 10.1 and incorporated herein by reference.

Additional information about the Company’s executive plans and compensation programs is included in the Jones Lang LaSalle Incorporated Proxy Statement for the 2016 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 15, 2016.

CEO Employment Agreement with Mr. Ulbrich

The Committee has also approved an employment letter agreement between the Company and Mr. Ulbrich with respect to his anticipated employment as President and Chief Executive Officer, reporting to the Board (the “CEO Employment Agreement”) and commencing October 1, 2016 (the “Commencement Date”).

The CEO Employment Agreement provides for:

• Beginning on the Commencement Date, an annualized gross base salary of €675,000;

• A gross target bonus under the GEB Annual Incentive Plan for 2016 of US$5,200,000, to be prorated from the Commencement Date;

• A target gross GEB LTIP award of US$2,500,000, to be pro-rated from the Commencement Date. Awards under the GEB LTIP are typically paid in restricted stock units (“RSUs”);

• A one-time grant of 8,696 RSUs, to vest June 15, 2019;

• The Company to pay for any personal tax liability that Mr. Ulbrich incurs as the result of his Chief Executive Officer role that is in excess of his liability as a full-time employee based in Germany;

• Benefits commensurate with those provided to senior employees based in Germany;

• Severance benefits as a member of the GEB under the Company’s Severance Pay Plan, with the right to receive severance after giving effect to a four week notice period by the Company; and

• An agreement by Mr. Ulbrich not to solicit clients or employees of the Company for 12 months after his employment by the Company terminates for any reason.

The CEO Employment Agreement also memorializes the compensation that the Company is paying to Mr. Ulbrich during his tenure as the Company’s President, which began June 1, 2016.

The above summary of the CEO Employment Agreement is qualified in its entirety by reference to such agreement, which is attached as Exhibit 10.2 and incorporated herein by reference.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

The following Exhibits are included with this Report:

10.1 Letter Agreement, dated August 23, 2016, between the Company and Colin Dyer                    

10.2 Letter Agreement, dated August 23, 2016, between the Company and Christian Ulbrich

99.1 News Release dated August 24, 2016, announcing Colin Dyer’s retirement as Chief Executive Officer on September 30, 2016 and the appointment of Christian Ulbrich as President and Chief Executive Officer on October 1, 2016

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.    

Dated: August 25, 2016

Jones Lang LaSalle Incorporated

By: /s/ Mark J. Ohringer

Name: Mark J. Ohringer

Title: Executive Vice President, Global General Counsel and Corporate Secretary

EXHIBIT INDEX

Exhibit No.	Description
10.1	Letter Agreement, dated August 23, 2016, between the Company and Colin Dyer
10.2	Letter Agreement, dated August 23, 2016, between the Company and Christian Ulbrich
99.1	News Release dated August 24, 2016, announcing Colin Dyer’s retirement as Chief Executive Officer on September 30, 2016 and the appointment of Christian Ulbrich as President and Chief Executive Officer on October 1, 2016

EX-10.1

1 Sheila A. Penrose Chairman of the Board of Directors Jones Lang LaSalle Incorporated 200 East Randolph Drive Chicago, Illinois 60601 August 23, 2016 Mr. Colin Dyer 200 East Randolph Drive Chicago, Illinois 60601 Re: Retirement Letter Agreement Dear Colin: This Retirement Letter Agreement (Letter) memorializes the agreement between Jones Lang LaSalle Incorporated (JLL) and you with regard to the timing and compensation arrangements for your retirement from JLL as its Chief Executive Officer and as a member of its Board of Directors (Board). The Board is very grateful for your extraordinary leadership and your service to JLL over the previous twelve years. During this time, among its other significant accomplishments, JLL has grown its annual revenues by more than five times to over $6 billion and its staff by more than three times to over 61,000, has developed a stellar client base and a strong leadership team, and has delivered significant shareholder value. The Board also appreciates your willingness to provide the various services noted below, and to remain on the Board for the specified period of time, after your retirement to ensure that the transition to your successor is smooth and that the needs of all of JLL’s stakeholders are addressed professionally and thoughtfully. Defined Terms Used in this Letter In addition to terms defined elsewhere in this Letter, for purposes of this Letter the following capitalized terms shall have the respective meanings given to them below: Annual Bonus means the annual cash incentive bonus determined by the Compensation Committee and paid pursuant to the SAIP. Compensation Committee means the Compensation Committee of the Board of JLL.

2 GEB LTIP means the JLL GEB 2015-2020 Long-Term Incentive Compensation Program. JLL Group means, collectively, JLL and its direct and indirect majority-owned subsidiaries, or any such entity individually. Original Offer Letter means that certain letter agreement between JLL and you dated July 16, 2004, as amended. PICA means the CEO Performance Incentive Compensation Agreement between JLL and you dated as of April 19, 2012, as amended. SAIP means the JLL Stock Award and Incentive Plan as amended and restated as of July 15, 2015. Severance Plan means the Severance Pay Plan of JLL, as amended and restated effective July 1, 2010, as amended. Transition Schedule for Executive Officer and Board Member Roles; Responsibilities You agree to remain in your current role as the Chief Executive Officer of JLL through the close of business on September 30, 2016, including as the Chairman of the Global Executive Board (GEB) and as an International Director (Chief Executive Officer Role). As of such date, (1) you will cease acting in each of such roles and by this letter you will be deemed to have resigned from your officer position with JLL and from all officer and director roles with all subsidiaries of JLL and (2) you will no longer be considered a reporting officer for purposes of the United States federal securities rules. From October 1, 2016 through the close of business on December 31, 2016, you will continue to be a full-time employee of JLL (Employee Role), reporting to the JLL Chief Executive Officer. In such role, you will provide such services as the JLL Chief Executive Officer may reasonably request to effect a smooth transition to your successor and in particular to assist with the development and implementation of JLL’s digital strategy. On the close of business on December 31, 2016 (Retirement Date), you will retire as an employee from JLL. From the date of this Letter until the time of the Annual Meeting of JLL’s shareholders in May, 2017, you may remain a member of the Board (Board Member Role) at your sole discretion. The Board has indicated its desire that you remain a Board member until such date, and you have indicated your present intention to do so. From January 1, 2017 through December 31, 2017 (Consulting Period), you agree to make yourself reasonably available as a consultant to the Board and to JLL’s Chief Executive Officer upon the request of either of them, including with respect to any remaining transition matters and to the development and implementation of JLL’s digital strategy (Consulting Role). In your

3 Consulting Role, you will not be required to perform services in excess of eighty (80) hours per calendar quarter, nor more than ten (10) hours per week unless you agree otherwise. Payments for Your Agreements; Schedule for Payment; and Restricted Stock Units In consideration for the roles and obligations you are assuming under this Letter, JLL shall make the following payments to you, at the times and subject to the specific conditions set forth below: Base Salary: Your base salary for the 2016 calendar year, through your Retirement Date and in consideration for both your Chief Executive Officer Role and your Employee Role, will continue to be US$750,000 annually, paid semi-monthly in arrears through our regular payroll system. Such base salary will continue to be paid to you or your estate or beneficiaries, if applicable, if JLL terminates your employment for any reason other than for Cause (as defined in your Original Offer Letter), or if your employment terminates because of your death or disability, before your Retirement Date. Annual Bonus: You will be eligible to receive an Annual Bonus for full-year 2016 performance, payable no later than March 15, 2017, in the form of a lump sum cash payment, the final amount of which will be determined by the Compensation Committee pursuant to the terms of our Individual Performance Management System (IPMP) and under the terms of the SAIP as applicable to the annual performance incentive compensation of the members of the GEB. Notwithstanding the above, to the extent that the Annual Bonus as so determined is less than US$5,920,000, which is your target Annual Bonus for 2016, then the actual gross amount you will receive will be US$5,920,000. In no event will you receive more than such amount. Such amount will be paid to you or your estate or beneficiaries, if applicable, if JLL terminates your employment for any reason other than for Cause, or if your employment terminates because of your death or disability, before your Retirement Date. GEB LTIP: You will be eligible to receive a payment under the GEB LTIP for full-year 2016 performance, payable no later than March 15, 2017, the final amount of which will be determined by the Compensation Committee pursuant to the terms of the GEB LTIP. Notwithstanding the above, to the extent that your payment under the GEB LTIP as so determined is less than US$3,013,000, which is your target amount under that plan for 2016, then the actual gross amount you will receive will be US$3,013,000. In no event will you receive more than such amount. You will receive settlement of the GEB LTIP all in cash; no portion will be settled in equity. Such amount will be paid to you or your estate or beneficiaries, if applicable, if JLL terminates your employment for any reason other than for Cause, or if your employment terminates because of your death or disability, before your Retirement Date. Compensation for Board Member Role: As compensation for your Board Member Role during 2017, you will receive a total of US$80,000 in cash, payable quarterly in advance at the time when compensation is generally paid to members of our Board, but subject to your continued service in your Board Member Role for the applicable period.

4 Compensation for Consulting Role and for Your Non-Competition Agreements: As compensation for your Non-Competition Agreements (as defined below), you will receive a total of US$1,000,000, to be paid on October 3, 2016 or within five (5) business days thereafter. As compensation for your Consulting Role obligations, you will receive a total of US$750,000. Unless you have breached any of your Consulting Role obligations, you will receive this amount in four (4) equal installments of US$187,500 each within ten (10) business days after the end of each calendar quarter in 2017. GEB LTIP Deferred Cash: You have previously received deferred cash awards under the GEB LTIP and listed on Appendix B to this Letter. After the Retirement Date, all of such deferred cash awards will continue to vest on their original vesting schedules as set forth on Appendix B. Your deferred cash awards will not be subject to forfeiture or termination for any breach of the Non-Competition Agreements. Restricted Stock Units: You have previously received the Restricted Stock Units listed on Appendix B to this Letter. After the Retirement Date, all of such Restricted Stock Units will continue to vest on their original vesting schedules as set forth on Appendix B. Your Restricted Stock Units will not be subject to forfeiture or termination for any breach of the Non- Competition Agreements. The JLL common stock issued to you upon vesting of such Restricted Stock Units will not be subject to any share ownership guidelines or policies or any requirements that you maintain ownership of the stock for any period of time. 409A Considerations: Payments and benefits under this Letter are intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and other official guidance thereunder (Section 409A), or be exempt from the application of Section 409A. Accordingly, to the maximum extent permitted, this Letter shall be interpreted and its provisions implemented, and as necessary automatically amended, to be in compliance therewith. JLL does not presently believe that any of the payments or benefits provided for in this Letter will result in the imposition of any taxes, penalties or interest under Section 409A, although you will remain personally liable for any of such obligations without recourse to JLL. Payments due upon your separation from service (as defined under Section 409A) shall be subject to delay pursuant to Section 409A(a)(2)(B)(i) to the extent applicable. To the extent that a distribution or payment is subject to Section 409A and payable upon or with reference to your separation from service, such distribution or payment may not be made before the date that is six (6) months after the Retirement Date (Six Month Delay) or, if earlier, the date of your death. Payments to which you otherwise would be entitled during the Six Month Delay will be accumulated and paid on the first day of the seventh (7th) month following the Retirement Date or, if earlier, the date of your death, except as permitted under Section 409A and Treas. Reg. §1.409A-1(b)(9)(iii) or as would not result in a violation of Section 409A. Each payment under this Letter is intended to be treated as one of a series of separate payments for purposes of Section 409A and Treas. Reg. §1.409A-2(b)(2)(iii). If any payments or benefits made to you under this Letter agreement are not exempt from or in compliance with the provisions of Section 409A, the Parties will attempt to bring such payments and benefits into

5 compliance with Section 409A without diminishing the total payments or benefits or economic terms to which you are entitled to the greatest extent possible. Non-Competition, Non-Solicitation, Confidentiality and Other Obligations In consideration for certain of JLL’s payment and other agreements under this Letter, you agree to the following obligations (Non-Competition Agreements): No Solicitation; Limited Non-Competition: From the date of this Letter through March 31, 2018 (Restricted Period), you shall not yourself, and shall not direct any other person to, either on your own account or on behalf of or with any other person, firm or business entity, do the following: 1. Solicit or induce any JLL Group employees or independent contractors (including those who held such positions at any time during the Restricted Period) to leave the employ or service of the JLL Group; or 2. Solicit or induce any clients that have existing or contracted transactions or assignments with the JLL Group to discontinue or reduce their transactions or assignments with the JLL Group. During the Restricted Period, you shall not accept employment with, be employed by or otherwise render services to, or serve as a board member for, as and to the extent indicated for any of the firms listed on Appendix A to this Letter, or any of their respective subsidiaries or affiliates, or any successor entities thereof. JLL has no objection to your service as a director on one or more boards during the Consulting Period not otherwise prohibited under Appendix A, provided you inform us of any such roles and agree to any reasonable procedures designed to avoid conflicts of interest. You acknowledge that the restrictions in this Section are fair and reasonable in view of the nature of JLL’s business, your position and responsibilities (including your knowledge of JLL’s confidential information), and are reasonably required for the protection of the JLL Group and its legitimate business interests. You further acknowledge that you will be reasonably able to earn a living without violating the terms of this Section, and the restrictions outlined herein are a material inducement and condition to JLL’s provision of certain of the payments and benefits described in this Letter. Confidentiality and Non-Disclosure of Company Information: You acknowledge and agree that all significant non-public information concerning the JLL Group, its clients and/or employees that was acquired by or disclosed to you during your employment, or that will be disclosed to you during the Restricted Period, including, without limitation, information on JLL Group clients and pricing, business practices and models, business strategies, marketing plans and strategies, digital and data strategies, compensation structures, and the compensation and performance evaluations of JLL Group employees, was or will be acquired or disclosed in strict confidence. You agree to keep all such information secret

6 and confidential indefinitely to the extent such information remains confidential and shall not disclose such information, directly or indirectly, to any other person, firm or business entity or to use it in any way other than for the benefit of the JLL Group. You further acknowledge and agree that you have been provided with confidential information regarding copyrighted materials of the JLL Group, including, without limitation, reference manuals, client proposals, data collection manuals, and other proprietary information of the JLL Group. You shall not use this information in any manner other than for JLL Group benefit. You further agree that you will not provide information to others unrelated to the JLL Group that would allow them to attempt to access JLL's computer system or the computer systems of JLL's clients. However, JLL agrees that you may disclose confidential information (i) to the extent necessary to comply with any law, court order or subpoena; (ii) in connection with any discovery request to which a response is required by law; (iii) to the extent necessary to enforce your rights hereunder; or (iv) to your legal, tax, or financial advisors provided that you inform them of the confidential nature of the information. In the event you are under an obligation to disclose confidential information in any lawsuit or as part of any judicial proceeding, you agree to provide written notice of this fact as far in advance as practicable to JLL’s Legal Services Group and to permit JLL to contest such disclosure on any grounds legally permitted. Additionally, and notwithstanding anything in this Letter to the contrary, you may communicate directly with a regulatory authority about a possible violation of an applicable law or rule. Without prior authorization from JLL’s Legal Services Group, however, JLL does not authorize you to disclose to regulators a communication that is covered by JLL's attorney-client privilege. You acknowledge that, due to your position with JLL, the terms of this Letter will be publicly disclosed by JLL as and to the extent required by the regulations of the U.S. Securities and Exchange Commission in JLL’s judgment. You and JLL shall cooperate in preparing a mutually agreeable public announcement or press release regarding your retirement in addition to an internal Company communication regarding the same. Employment and Independent Contractor Status; Benefits and Related Matters Through December 31, 2016, you will continue to be an employee eligible for the same benefits, administrative assistance and perquisites as you have in your current role as Chief Executive Officer and as may be consistent with those offered to our corporate officers generally from time to time. Compensation for your Chief Executive Officer Role and your Employee Role, including with respect to the payment of your Annual Bonus and payments of amounts and vesting of Restricted Stock Units and deferred cash awards under the GEB LTIP, will be subject to normal withholding for taxes, benefits, and social security. From January 1, 2017 through December 31, 2017, in the Consulting Role you will be an independent contractor, and not an employee of JLL or any of its affiliates. You will retain the sole and absolute discretion and judgment in the timing, manner and means of carrying out the Consulting Role. Except as JLL approves in advance in writing, you will not be authorized to

7 enter into any agreement or sign any document on JLL’s behalf and may not bind JLL to any contract, agreement, engagement or transaction. You will be responsible for the payment of all income, social security and other taxes relating to the Consulting Role and the Board Member role, and therefore JLL shall not deduct any payments in respect thereof from any amounts paid to you under this Letter. On and after January 1, 2017, JLL shall not provide any benefits to you under its employee benefit plans, except for the provisions of COBRA benefits or any other continuation coverage, if you are otherwise eligible for and elect such coverage. Your active employee participation in the Employer-sponsored medical and dental insurance plans will terminate on the Retirement Date. You may elect to continue coverage under these plans at your expense pursuant to the provisions of COBRA. Your participation in and rights, to the extent thereof, under JLL’s 401(k) Retirement and Savings Plan, U.S. Deferred Compensation Plan, and its Medical, Dental, AD&D Optional Insurance, Supplemental Life Insurance, Basic LTD and Spouse Life Insurance Plans shall be subject to the terms of those respective Plans and are not affected by this Letter. Through December 31, 2017, you will be reimbursed for all reasonable and documented out-of- pocket expenses associated with carrying out your responsibilities under this Letter (including any client entertainment, or pre-arranged attendance at industry conferences and related events), consistent with our travel and entertainment policies. We will continue to provide you with administrative assistance support during 2017. You agree to indemnify and keep indemnified JLL and its affiliates (including for the avoidance of doubt reasonable legal costs and expenses) sustained by JLL or such affiliates arising out of any income, social and other taxes arising from payments made to you as an independent contractor in relation to this Letter or your being determined to be an employee of JLL after January 1, 2017. Additional and Miscellaneous Matters As part of your Consulting Role, you agree to provide input to the JLL Chief Executive Officer and the Compensation Committee in 2017 for the annual reviews of the performance during 2016 of the other GEB members and other corporate officers who were your direct reports if requested by the Chief Executive Officer or the Compensation Committee. You agree to promptly inform JLL’s Legal Services group of all subpoenas, correspondence, requests for information, or other contacts you receive from third parties, including governmental agencies, concerning any fact or circumstance that relates to your employment or engagement with JLL or about which you may have knowledge on account of your employment or engagement with JLL. If requested by JLL after the Retirement Date, you shall cooperate with reasonable requests by JLL, at JLL’s expense (including any travel), and not interfering with your other business endeavors, to execute additional documentation consistent with this Letter and provide depositions and testimony in litigation matters in which JLL is involved. You

8 acknowledge and agree that you will not be entitled to further compensation or benefits for cooperating with such reasonable requests, except for any legally required witness fees. Return of Company Property; Company Credit Card By the end of the Consulting Period, you shall return to JLL all significant company property in your possession, except that you may retain your company-issued laptop computer and other company-issued mobile devices, and JLL will transfer ownership of the cellular telephone number/account of your mobile phone, at no cost to you, subject to removal by JLL of all confidential and proprietary information, provided that JLL makes no warranties as to the condition or future operation of the all such devices, which are provided “as is” and you will be responsible for any future maintenance. In connection with the removal of such confidential and proprietary information, JLL will use reasonable efforts to preserve all personal information (including your address book and your calendar) stored on such devices. You will turn over to JLL by the Retirement Date all notes, memoranda, records, documents, personnel evaluation and compensation documentation related to JLL other than with respect to yourself, and all other information no matter how produced or reproduced, kept by you or in your possession, used in or pertaining to the business of JLL, it being acknowledged hereby that all of said items are the sole property of JLL, provided however that during the Consulting Period only you may retain any memoranda or other documents that will be reasonably related to the Consulting Role. By the Retirement Date, you will repay to JLL any outstanding corporate credit card balances, if any, for personal expenditures. This Letter Supersedes Other Agreements; Modifications of this Letter The provisions of this Letter supersede all prior agreements and understandings between you and JLL, whether written or oral, with respect to the subject matters this Letter addresses. This Letter shall govern all payments, compensation and benefits to be made to you, and except as set forth in this Letter you agree that you have no other rights to receive any other, different or additional payments, compensation or benefits under any of the SAIP (including with respect to any Annual Bonus and any Restricted Stock Units), the GEB LTIP, the Original Offer Letter, or the Severance Plan). For avoidance of doubt, this Letter does not affect or amend the provisions of the PICA, which shall remain in effect according to its terms. JLL acknowledges that your termination from employment will be treated as a Standard Termination after the Eligibility Date (as those terms are defined in the PICA), and you and your spouse are eligible for full benefits under the PICA. For purposes of calculating the amount of your benefit under the PICA, JLL will credit you for, and take into account, the guaranteed amount of the 2016 Annual Bonus as referenced above (US$5,920,000) as part of the Final Average Annual Incentive under the PICA. No modifications to this Letter shall be valid unless made in writing and signed by you and an authorized officer of JLL.

9 A waiver of any provision by you or us shall not constitute a waiver of any succeeding breach of the same provision or a waiver of any other provision. Every part of this Letter is severable from the others so that if one part is held to be void or unenforceable, the remaining parts shall remain in full force and effect. This Letter shall be binding on, and inure to the benefit of, the heirs (respecting you) and successors of the parties hereto, provided that you may not assign this Letter or any aspect of it to any other person or entity without JLL’s prior written consent. The obligations of JLL under this Letter shall be the binding legal obligations of any successor to JLL by merger, consolidation or otherwise, and in the event of any business combination or transaction that results in the transfer of all or substantially all of the assets or business of JLL You agree to perform and execute all such further acts and documents as may be reasonably necessary to carry out the provisions or intent of this Letter. Cure Period; Damages/Equitable Relief If either Party believes that the other Party has breached or otherwise violated any of the provisions of this Letter agreement, including any of the Non-Competition Agreements, then, before initiating any legal claim or proceedings under the terms of this Letter agreement, the Party alleging the breach shall promptly notify the other Party of the alleged breach and shall provide the other Party a reasonable period of time under the circumstances within which to cure or correct the alleged breach, but only to the extent such breach is capable of being cured. You agree that damages incurred by JLL caused by a breach of this Letter will be difficult to ascertain. You agree further that JLL will be entitled to seek equitable relief, including, without limitation, injunctive relief, if you breach this Letter, subject to the “Resolution of Disputes” section below. You acknowledge that any material breach of your Non-Competition Agreements will cause irreparable injury to JLL for which money damages will not provide an adequate remedy. Accordingly, you agree that, in the event you breach any of your Non-Competition Agreements, JLL shall be entitled to obtain appropriate injunctive and/or other equitable relief for such breach, without the posting of any bond or other security, in addition to all other legal remedies to which JLL may be entitled, and subject to the “Resolution of Disputes” section below. Continued Indemnification and Provision of D&O Insurance After the Retirement Date, JLL will continue to indemnify you under the terms of its by-laws, and to cover you under the terms of JLL’s directors and officers liability insurance as may be in effect from time to time, with respect to, any claims or lawsuits relating to your employment by JLL or your actions as an officer or director with JLL or any of its affiliated entities, including in connection with this Letter. Resolution of Disputes Any dispute between the Parties arising out of or relating to the negotiation, execution or performance of this Letter shall be settled by binding arbitration in accordance with the National

10 Rules for the Resolution of Employment Disputes of the American Arbitration Association. Notwithstanding the above, this dispute resolution provision shall not apply to any separate agreements between the Parties that do not themselves specify arbitration as an exclusive remedy. Notwithstanding the above, JLL may seek injunctive relief in Federal or State court for any alleged breach by you of any of the Non-Competition Agreements, and either you or JLL may seek injunctive relief for other alleged breaches or violations of this Letter agreement to the extent that damages for such breach or violation will be difficult to ascertain, provided that the ultimate merits of any claims for breach of the Non-Competition Agreements or breach of this Letter agreement will be subject to arbitration under the terms of this Section. The location for the arbitration shall be the Washington, D.C. metropolitan area before a single arbitrator selected in accordance with the rules of the American Arbitration Association. Each Party shall bear its own attorneys’ fees and costs related to the arbitration or any judicial proceedings under this Section, but the filing fees and other general administrative costs and expenses of the American Arbitration Association will be borne equally by the Parties. Any award made by the arbitrator shall be final, binding and conclusive on the Parties for all purposes, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The Parties each further agree that the arbitration provisions of this Letter shall provide each party with its exclusive remedy for any dispute arising under this Letter, and each Party expressly waives any right it might have to seek redress in any other forum, except as otherwise expressly provided in this Letter. By election of arbitration as the means for final settlement of all claims, the Parties hereby waive their respective rights to, and agree not to, sue each other in any action in a Federal, State or local court with respect to such claims, but may seek to enforce in court an arbitration award rendered pursuant to this Letter. The Parties specifically agree to waive their respective rights to a trial. Choice of Law This Letter shall be governed by and construed in accordance with the laws of the State of Illinois, without regard to any State’s rules regarding conflicts of laws. Counterparts; Electronic Signatures. This Letter may be executed in counterparts, each of which shall be deemed an original and both of which, taken together, shall constitute one and the same instrument, binding on each signatory thereto. A copy of this Letter that is executed by a Party and transmitted by that Party to the other Party by facsimile or as an attachment to an email shall be binding upon the signatory to the same extent as a copy hereof containing that Party’s original signature. [signature page follows]

11 Please indicate your agreement with the terms of this Letter by signing it and returning it to us. Yours sincerely, Jones Lang LaSalle Incorporated By: /s/ Sheila A. Penrose Sheila A. Penrose Chairman of the Board of Directors Jones Lang LaSalle Incorporated /s/ Patrician Maxson Patricia Maxson Global Chief Human Resources Officer Jones Lang LaSalle Incorporated Accepted by: /s/ Colin Dyer Colin Dyer

12 Appendix A* CBRE Group Colliers Cushman & Wakefield Savills Studley Newmark Grubb Knight Frank Avison Young Cresa Eastdil Secured HFF Transwestern First Service Sodexho Co-Star Group Zillow Compass (compass.com) Realtor.com The commercial real estate investment divisions of each of the following entities:** Blackstone BlackRock JPMorgan Brookfield UBS Clarion Partners (Legg Mason) Prudential (U.S.) Deutsche Bank AEW

13 Invesco Carlyle Group KKR Cohen & Steers Morgan Stanley BNP TPG TIAA *Excludes any subsidiary or affiliate of each entity, if any, that does NOT compete with any member of the JLL Group **For avoidance of doubt, you may serve on the Board of any of the parent companies of the listed real estate investment management companies.

14 Appendix B GEB LTIP and Net Income Award Shares Number of Shares Award Date Vesting Date 4,879 02/25/2014 02/25/2017 3,320 03/12/2015 09/12/2017 4,393 03/12/2015 03/12/2018 26,333 02/24/2016 02/24/2017 (8,778) 02/24/2018 (8,778) 02/24/2019 (8,777) Strategic Objective Shares Number of Shares Award Date Vesting Date(s) 3,639 02/23/2012 02/23/2017 3,876 02/25/2013 02/25/2018 6,099 02/25/2014 02/25/2017 (3,050) 02/25/2019 (3,049) 4,654 03/12/2015 03/12/2018 (2,327) 03/12/2020 (2,327) GEB LTIP Cash Deferrals LTIP Plan Year Net Award Vesting Dates 2013 $375,000 February 25, 2017 2014 $411,000 March 12, 2018

EX-10.2

Sheila A. Penrose Chairman of the Board of Directors Jones Lang LaSalle Incorporated 200 East Randolph Drive Chicago, Illinois 60601 August 23, 2016 Mr. Christian Ulbrich Wilhelm-Leuschner-Strasse 78 60329 Frankfurt am Main Germany Dear Christian: On behalf of our Board of Directors, I am very pleased to confirm, by this Letter Agreement (this Agreement), the terms and conditions of your appointment as the President and Chief Executive Officer of Jones Lang LaSalle Incorporated (the Company), effective October 1, 2016 (the Commencement Date). Your new role replaces in its entirety your previous roles as the President of the Company, which commenced June 1, 2016, and before that as Chief Executive Officer of the Company’s EMEA business segment (EMEA CEO). In your new role, you will (i) be the Chairman of our Global Executive Board (the GEB), our most senior internal management committee, and (ii) you will continue to be designated as one of our International Directors, which constitutes our most senior group of executives. You shall have such duties, responsibilities, power and authority as are provided to the President and Chief Executive Officer under the Company’s By-Laws and as are otherwise typically associated with such position. You will report solely and directly to the Board of Directors of the Company (the Board); all other executives of the Company will, directly or indirectly, report to you. You have separately been elected as a member of the Board, for which you will not be separately compensated and the terms and conditions of which service shall be separately governed by the By-Laws of the Company and applicable laws and regulations but not by this Agreement. The terms and conditions of this Agreement supersede and replace in their entirety all previous letters and agreements between you and the Company or any of its subsidiaries, including without limitation Jones Lang LaSalle GmbH, except with respect to the terms of any previous restricted stock unit grants that have not yet vested or of any compensation that has not yet been paid to you.

During your employment, you shall devote your full time business efforts and energies to the business and affairs of the Company and to the furtherance of its interests as directed by the Board. Notwithstanding the foregoing, you may devote reasonable time to other activities involving professional, charitable, community, educational, religious and similar types of organizations, speaking engagements, and similar types of activities, to the extent that such other activities do not, in the reasonable judgment of the Board, inhibit or prohibit the performance of your duties under this Agreement, or conflict in any material way with the business of the Company or any subsidiary. In particular, you may continue to serve as a member of the board of directors of Vonovia SE. You will remain based in Frankfurt, Germany (your Home Location). Since your office as President and Chief Executive Officer of the Company and the Chairman of the GEB is presently intended to be your only office held within the Company and its subsidiaries, we will work together to end your appointment as an officer for all other local corporations within the Company group. Annual Base Salary Effective on the Commencement Date, your annualized gross base salary will be €675,000 (Six Hundred Seventy Five Thousand Euros), paid consistent with our standard payroll schedule in Germany and subject to applicable tax and other deductions in Germany or otherwise. Your base salary shall be subject to annual review by the Compensation Committee of the Board (the Compensation Committee) in accordance with the policies in effect for members of the GEB generally. Annual Incentive Bonus You will be a participant in the GEB Annual Incentive Plan, according to its terms. Your 2016 gross target bonus is US $5,200,000 (Five Million Two Hundred Thousand U.S. Dollars). For 2016, this award will be prorated based on the time you spend in your new role, starting on the Commencement Date. Your actual bonus for your new role will be based on the following: (1) performance against specific individual objectives ("IPMP"), as assessed by the Compensation Committee, and (2) JLL firm-wide performance. A consideration of these factors and others may lead to you receiving more than, less than or none, of the target bonus amount. The Annual Incentive Plan is denominated in USD but will be paid in Euros using the spot rate on the day of the February Compensation Committee meeting, which typically occurs the fourth week in February. Bonuses are discretionary and considered annually. If you voluntarily terminate your employment with the Company for any reason effective before the date we pay bonuses in a given year, we will not pay you any bonus, pro rata or otherwise, for the previous year. The Company reserves the right to alter the plan from time to time in its discretion, which may include target bonus changes.

Long Term Incentives You will also be a participant in the GEB Long-Term Incentive Plan (GEB LTIP) according to its terms. Your 2016 target gross GEB LTIP award is $2,500,000 (Two Million Five Hundred Thousand U.S. Dollars). For 2016, your award will be pro-rated based on the actual time you spend in your new role starting on the Commencement Date. Awards under this Plan will typically be made in shares of restricted stock of JLL. Your actual GEB LTIP award will be based on JLL’s overall performance and the collective performance of the Global Executive Board versus its 2020 objectives. A consideration of these factors and others may lead to you receiving more than, less than or none of the target GEB LTIP amount. JLL reserves the right to alter the GEB Long-Term Incentive Plan from time to time in its discretion, which may include changes to targets. Grant of Restricted Stock Units In recognition of your new role, you will be given a one-time grant of 8,696 (Eight Thousand Six Hundred Ninety Six) Restricted Stock Units (RSUs) of the Company. The RSUs will vest on June 15, 2019. Compensation for Your Role as President This Agreement also memorializes the compensation that the Company is paying you in your role as President from June 1, 2016 through September 30, 2016 (the President Role Period). Such compensation has been approved by the Compensation Committee. Your compensation for the President Role Period is as follows, made on the same terms and conditions as set forth above: • An annualized gross base salary of €450,000 (Four Hundred Fifty Thousand Euros). • An annualized target bonus under the GEB Annual Incentive Plan of US$4,300,000 (Four Million Three Hundred Thousand U.S. Dollars), to be prorated based on the time of the President Role Period, with your annual incentive bonus for the first five months of 2016 being determined based on your participation in the GEB Annual Incentive Plan as the EMEA CEO. • An annualized target award under the GEB LTIP of US$2,000,000 (Two Million U.S. Dollars), to be pro-rated based on the time of President Role Period, with your annual GEB LTIP award for the first five months of 2016 being determined based on your participation in the GEB Long-Term Incentive Plan as the EMEA CEO. Taxes and Tax Preparation Working in a global role that requires extensive travel brings many changes and complications in personal taxation. The Company’s objective is to keep your employment tax liability no higher than it would have been in your Home Location.

The Company will implement a tax protection approach to meet this objective and to facilitate compliance with all tax laws and filing requirements. In order to protect you against higher tax costs, the Company will withhold actual taxes to cover the withholding taxes due in the required taxing jurisdictions, which will be capped at the tax withholding in the Home Location. For avoidance of doubt, the Company will take into consideration the tax withholding of German individual income taxes based upon your tax filing status in Germany, including surcharges and municipal tax (if any), only; which would exclude any Church tax you or your family may pay in Germany. You will be responsible for your own worldwide tax liability. Once all the tax returns relating to a calendar year have been completed, a reconciliation will be prepared to determine if on a global basis more taxes have been paid in respect of employment income than if you had only worked in your Home Location. If it is determined that a higher tax has been paid, the difference will be reimbursed to you, and you will be made whole on an after-tax basis. The tax protection approach is elective and will be extended to all years of your role. It is the intent of the approach that you will pay no more tax on employment income under tax protection as if you had not left your Home Location. A condition of this approach is that you will be expected to assist in, and agree to enable, all reasonable tax planning strategies as are recommended by your tax services provider in order to minimize the Company’s burden under this policy. The Company will provide you with tax preparation assistance through a tax services provider that you and we agree on, and pay their fees (including potential income tax that may become due on such payment of fees) in order that you may have appropriate tax reporting and filing in the required countries, including your Home Location, with respect to your role in each country and any trailing liabilities you may have from prior roles within the Company. The tax service provider will calculate any taxes due on your employment remuneration package, i.e. tax on salary, bonus, relevant allowances and benefits. Employee Benefit Plans Your benefits will be the same as those provided to International Directors in the Company’s Germany business. The Company shall pay the employer's contribution to social security including for health insurance and all other applicable social insurance programs. You shall be included into an existing group accident insurance plan and shall be insured for the amount of €1 million in the case of accidental death and double this amount in the case of a permanent disability of at least 90%. In addition, the Company shall conclude a term life insurance policy in the amount of €2 million, for which your surviving dependents shall be the beneficiaries. The Company will continue to pay a retirement benefit contribution of 15% of annual base salary from age 50. This contribution is subject to a salary cap of €150,000. In

addition we will pay on your behalf an annual contribution of €3,068 to your company pension scheme (Direkt Versicherung). Car Allowance You will be entitled to a company car that you may select subject to a maximum monthly lease cost of €2,000 plus VAT. In addition you will receive €1 ,572 per month to cover the taxes on your car lease. Holiday Allowance In addition to German Public Holidays, you will be entitled to 30 days paid vacation per calendar year. Notice Period Notice to terminate, if exercised, by the Company will be 4 weeks. Notice to terminate, by you, would also be 4 weeks. In case the notice period of either party is extended by law, the longer statutory notice period shall not also apply to the notice period of the other party. Termination / Severance You will be entitled to severance benefits as a member of the GEB under our Severance Plan (as in effect for our United States employees from time to time and for members of the GEB regardless of their country of domicile), provided that no amendment may reduce any benefit for which you would be eligible under the Severance Plan as in effect on the date of this Agreement. If applicable, you will have the right to receive benefits under the Severance Plan after giving effect to the four week notice period provided for above. A copy of the current Plan has been provided to you. Non-Solicitation You agree that during your employment by the Company and for a period of twelve (12) months after your employment by the Company terminates for any reason, you will not, either directly or indirectly either on your own account or on behalf of or with any other person, firm, or business entity, (a) solicit or induce other employees to leave the employ of the Company; or (b) solicit or induce any clients that have transactions or assignments pending with the Company to discontinue or reduce their transactions or assignments that are pending with the Company at the time your employment terminates. You also acknowledge that the restrictions in this paragraph are fair and reasonable and are reasonably required for the protection of the Company. Confidentiality During your employment by the Company, you may acquire or receive non-public information concerning the Company, its subsidiaries, its clients and/or employees,

including, without limitation, information on the Company's clients and pricing, compensation structure and performance evaluations of the Company's employees. You agree that this information is disclosed to you in strict confidence and that you will keep all such information secret and confidential indefinitely and will not disclose such information, directly or indirectly to any other person, firm or business entity or to use it in any way. You further agree that to the extent you are provided with confidential information regarding copyrighted materials of the Company, including, without limitation, source code and documentation, reference manuals, client proposals, data collection manuals and other proprietary information of the Company, you will not use this information in any manner and further agree to make no attempt, or provide information to others that would allow them to attempt, to access the Company's computer system or those computer systems of the Company's clients. Public Disclosures You understand that the Company will file this letter publicly with the United States Securities and Exchange Commission (SEC) as part of its required disclosures as a public company. This letter may also be disclosed as otherwise required by applicable laws or regulations. You also agree that the Company may make such additional disclosures about you and your compensation from time to time as and to the extent required by applicable laws and regulations and that you will provide the Company with all necessary information upon request. Your position as an executive officer will also require us to publicly file reports about your interests in Jones Lang LaSalle common stock with the SEC. Expense Reimbursement You will be authorized to incur reasonable expenses for entertainment, traveling, meals, lodging, and similar items in promoting the Company’s business and for business communication costs, such as cellular phone service, internet service, and a wireless e-mail device and service. The Company will reimburse you for all reasonable expenses so incurred provided that such expenses are incurred and accounted for in accordance with the policies and procedures established by the Company. The Company has separately provided you with the Corporate Travel and Expense Policy for The Board of Directors and Global Corporate Officers, effective October 1, 2016. The terms of such Policy as they relate to you may not be changed without your prior written consent. Directors and Officers Insurance and By-Law Indemnification You will be entitled to coverage under the commercial insurance policies that the Company maintains with respect to liability for the actions of our Directors and Officers acting in such capacities. In addition, you will be entitled to the indemnification provided under the Company’s By-Laws in effect on the date of this letter, a copy of which has been provided to you. During your employment and following any termination of employment, such coverage and indemnification will be at least as favorable to you as that provided to any other new or continuing Company executives.

Intellectual Property You agree to assign to the Company your entire right, title and interest in any invention or idea, patentable or not, that you create or conceive of (i) during your employment by the Company and for six (6) months thereafter and (ii) which relates in any manner to our actual or anticipated business, research or development, or is suggested by or results from any task we assigned to you or any work you performed or on behalf of the Company. You agree that you will promptly disclose to the Company’s Legal Services group any invention or idea contemplated above, and upon request, you will execute a specific assignment of title to the Company, and do anything else reasonably necessary to enable the Company at its expense to secure a patent therefore in the United States and in foreign countries. Code of Business Ethics The Company strongly believes that compliance by its employees with all applicable laws and ethical business practices is critical to the Company’s success. Accordingly, you will be agree to remain familiar with the Company’s Code of Business Ethics and to certify annually that you will at all times act in accordance with its provisions. Continuing compliance with the Code will be a condition to continued employment. By signing this offer letter, you also agree to remain familiar and comply with the Company’s personnel policies. Claims Under this Agreement All claims based on this letter and the terms and conditions of employment entered into between the Company and you are to be made against the Company subject to the laws of Germany. However, you are aware that each of the GEB Annual Incentive Plan, the GEB Long-Term Incentive Plan, and the Severance Plan is governed by U.S. laws as provided in each such Plan. We greatly look forward to continuing our highly successful relationship with you as outlined in this letter and are confident that in your new role you will add significant value to our organization as you have done previously. [signature page follows]

Please acknowledge your understanding and acceptance of the above by signing and returning a copy of this letter to my attention. Yours sincerely, Jones Lang LaSalle Incorporated By: /s/ Sheila A. Penrose Sheila A. Penrose Chairman of the Board of Directors Jones Lang LaSalle Incorporated /s/ Patricia Maxson Patricia Maxson Global Chief Human Resources Officer Jones Lang LaSalle Incorporated Accepted by: /s/ Christian Ulbrich Christian Ulbrich

EX-99.1

News Release – continued – JLL Appoints Christian Ulbrich President and CEO; Colin Dyer to Retire Leadership succession ensures strategic and cultural continuity CHICAGO AND LONDON, August 24, 2016 - Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that Christian Ulbrich, who has held the role of President since June, will now also assume the position of Chief Executive Officer, effective October 1, 2016. Ulbrich will succeed Colin Dyer, who will retire from JLL at the end of 2016 and step down from the CEO role on September 30, 2016. To ensure a smooth transition, Dyer will continue to guide the company’s data, information and analytics priorities through the end of 2016. He also will remain on the Board of Directors through the Annual Shareholders Meeting in spring of 2017 and serve as an adviser through 2017. As President and CEO, Ulbrich will have overall leadership responsibility for JLL’s strategic direction and growth. He will report to the Board of Directors, on which he serves as an executive member. He also will chair the company’s Global Executive Board, the most senior internal management committee, on which he has served for eight years. Ulbrich joined JLL in 2005 as Managing Director of JLL Germany and served as EMEA CEO since 2009 before being named President. Under his leadership, JLL prospered in EMEA, outperforming challenging economic conditions by nearly tripling revenue and adding such services as the Tetris design and fit-out subsidiary and residential consultancy. Ulbrich’s extensive real estate and finance background before joining JLL includes serving as CEO of the HIH group of companies headquartered in Hamburg, Germany, and part of M.M. Warburg Bank, and holding various positions within German and international banks. He is a member of the Board of Directors of Vonovia SE, Germany’s largest residential real estate company, and holds a Diplom Kaufmann degree in Business Administration from the University of Hamburg. “Working closely with Christian since he joined JLL, I know firsthand his deep understanding of global real estate dynamics and ability to lead across wide and diverse geographies,” said Dyer. “With his guidance and our strong management team, JLL will continue to grow and prosper.” Under Dyer’s leadership since 2004, JLL’s revenues grew more than five times - to $6 billion - through organic growth, over 80 strategic acquisitions across the globe, and the addition of more than 100 offices and 30 new countries to its geographic footprint. “The Board of Directors is very grateful for Colin’s extraordinary leadership and service to JLL over the past 12 years,” said Sheila Penrose, Chairman of the Board. “He has represented JLL on the global business stage, developed a stellar client base and a strong leadership team, and delivered significant shareholder value. We also

JLL Appoints Christian Ulbrich President and CEO; Colin Dyer to Retire – Page 2 of 2 appreciate his commitment to ensure a smooth and thoughtful transition by remaining engaged with the Board and the company.” Penrose continued: “The Board has worked with Colin on a comprehensive and robust succession process, culminating in Christian’s selection as CEO. We look forward to Christian’s leadership of JLL’s strategy, operations and corporate culture, building on a strong company legacy.” Ulbrich said: “Colin’s impact on JLL has been significant. He has steered the evolution into a truly global company and consistently exemplified JLL’s culture of excellence, ethics and teamwork for employees, clients and shareholders. In my new role, I intend to build on the platform of profitable and resilient growth that we have maintained in the last 12 years; continue our commitment to integrity, diversity and sustainability; and underscore our leadership position in the digital revolution.” – ends – About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. Contact: Gayle Kantro Sara Murshed Phone: +1 312 228 2795 +44 (0)207 852 4430 Email: gayle.kantro@am.jll.com sara.murshed@eu.jll.com