Timo Tschammler, JLL’s CEO for Germany and member of the EMEA Strategy Board, has announced he is leaving the company in favour of ‘a new life chapter’.
In an email statement to his business partners, friends and companions, Tschammler said his operational duty at JLL has come to an end and that he will be on a six-month gardening leave before assuming a new position on October 1. In particular, he will be seeking 'his own ventures on the investment and non-executive side of the industry'.
‘I made this decision (the resignation) in summer last year not at all as a vote against JLL, but in favor of a new life chapter and an entrepreneurial professional future,’ he wrote.
He assumed the role of head of Germany at JLL in 2017, with a mandate to strengthen JLL’s position as market leader in Germany. In total, he spent eight years with the company and before JLL he was the head of Germany at DTZ.
He will be replaced by Sabine Eckhardt, who was appointed as CEO Central Europe and Germany with effect from May 1, 2020.
Eckhardt's newly created position, which includes full responsibility for Germany and Central Europe, will be based in Frankfurt and includes driving the firm's growth and digital transformation. She will also join JLL's EMEA strategy board.