CBRE Group, Inc. (NYSE:CBG) today announced that Sanjiv Yajnik, President of Capital One Financial Services, has joined the companys Board of Directors.
We are pleased to welcome Mr. Yajnik to CBRE, said Ray Wirta, the companys Chairman of the Board. We will benefit greatly from his broad business background and, in particular, his experience in leading the transformation of a large, service-oriented global organization through technology enablement. His experience makes Sanjiv a great addition to our Board.
Since 2009, Mr. Yajnik has served as President of Capital One Financial Services, a Division of Capital One. Mr. Yajnik is also President and Director of Capital One National Association, one of Capital Ones two national bank subsidiaries, and serves on Capital Ones Executive Committee. In addition, Mr. Yajnik oversees Capital Ones community relations throughout Texas, Oklahoma and Louisiana as President of the companys South Central Region. Since joining Capital One in 1998, he has held a number of senior leadership positions in Europe, Canada and the United States. Prior to Capital One, he held leadership positions at PepsiCo and Circuit City and was a Chief Engineer for Mobil Oil Corporations shipping business.
Mr. Yajnik also serves on several Boards. In November 2015, he was appointed by Texas Governor Greg Abbott to be Chairman of the Texas Economic Development Corporation. He is also the Chairman of the Dallas Symphony Association, and leads the Board of Governors in overseeing the direction and governance for the Dallas Symphony Orchestra.
I am very excited to join CBREs Board, Mr. Yajnik said. CBRE is the clear leader in its sector and has a strong track record of growth. I look forward to working with my fellow Directors to help create additional value for our shareholders and great outcomes for all our constituents.
Mr. Yajnik received an MBA with honors from the University of Western Ontario, Canada, and completed the Executive Management Program at Stanford University. He is a medalist Chartered Engineer (I), and graduated with distinction from the Marine Engineering Research Institute, India.
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