Mensch & Schlemiel: Ulbrich of JLL & Waukesha Water Plan
Mensch of the Week:
Christian Ulbrich, CEO of JLL
Last week, international real estate giant Jones Lang LaSalle ushered in a new era of leadership with the appointment of Christian Ulbrich to the role of company CEO. Ulbrich, who has been with JLL for the last 11 years and was most recently appointed as President in June of this year, began his tenure with the firm in the company’s Hamburg, Germany office as a managing director in 2005. His vision and global focus helped him rise through the ranks, as he was appointed CEO of JLL’s Europe, Middle East, and Africa division in 2009, after which he became president in 2016. Prior to his time at JLL, Ulbrich was the CEO of HIH group in Hamburg.
In a press release, Ulbrich praised former CEO Colin Dyer’s leadership, saying that,
“Colin’s impact on JLL has been significant… [He has] consistently exemplified JLL’s culture of excellence, ethics, and teamwork for employees, clients, and shareholders.”
Under former CEO Dyer, JLL grew its revenues over five times and became a global real estate powerhouse. Ulbrich’s strong familiarity with global real estate markets will help him to continue and further improve JLL’s broad international network and its culture of excellence.
Schlemiel of the Week:
Waukesha Water Plan
Politics and public policy surrounding water has occasionally made headlines in the U.S., with the Flint, Michigan water crisis beginning in April, 2014 coming to mind as the most recent. Although not as severe, the city of Waukesha, Wisconsin is having some problems of its own.
Waukesha is hoping to find a new source of water in Lake Michigan, as it has been found that water from its current water system of underground wells exceeds federal radium limits. Waukesha’s plan to ship water from the new source was approved by the Lawrence River Basin Water Resources Council but is now being met with resistance from the Great Lakes and St. Lawrence Cities Initiative, a coalition of 120 cities surrounding the Great Lakes.
The opposition could stall or potentially undo Waukesha’s plan for a $207 million investment in a public works project allowing it to retrieve water from the new source. If Waukesha were able to go through with the project, it would set a precedent that could allow every city and county neighboring the Great Lakes and St. Lawrence Basin to extract water from the basin without adhering to the Great Lakes-St. Lawrence River Water Basin Water Resources Compact that regulates the use of water from the Great Lakes. The mayor Montreal, Denis Coderre, has expressed his strong disapproval of the plan and hopes the decision will be overturned.