Colliers fires CEO of real estate services for misconduct

Colliers International Group has terminated Dylan Taylor as its CEO of real estate services for misconduct, including improper trading activity in Colliers securities in breach of his employment obligations.

Taylor has made certain allegations, which he asserts as the basis for a potential constructive dismissal claim. While management and the board of directors of Colliers have no reason to believe the validity of such claims, the board has constituted a special committee to oversee an independent review of the allegations.

Jay Hennick, chairman and CEO, will continue to oversee the strategy and operations of Colliers as he has in the past, with all regional and business line leaders directly reporting to him. John Friedrichsen, long-time CFO, will also take on added operational responsibilities.

Effective immediately, the position of CEO of real estate services has been eliminated.