Dr. Prentice Knight Named Acting CEO of CoreNet Global

Dr. Prentice Knight Named Acting CEO of CoreNet Global

Press Release
November 21, 2005

ATLANTA, GA (November 21, 2005) – CoreNet Global, the world’s leading professional association for corporate real estate executives, announced today that Prentice Knight, Ph.D., has been named acting chief executive officer of CoreNet Global.

“I look forward to Prentice Knight’s role as acting CEO,” said CoreNet Global Chairman Jeffrey L. Elie, Vice President of Global Real Estate & Facilities for Kaplan, Inc. “Prentice has a high regard within the industry and will bring a strong level of continuity as we look for a permanent chief executive officer.” Knight previously served as the chief executive officer of the International Development Research Council (IDRC), a predecessor organization to CoreNet Global.

Knight most recently served as Chief Learning Officer of CoreNet Global, where he is responsible for all education and research programs. The group’s learning team oversees a range of initiatives including the CoreNet Global Applied Research Center that is currently examining evolving models of integrated workplace management. Other learning programs include the CoreNet Global Discovery Forum, a series of interactive, leading-edge symposia for senior corporate real estate executives. The group is also responsible for educational programming within the CoreNet Global Summits held worldwide, as well as the Executive Development Program leading to CoreNet Global's widely-recognized MCR and SLCR professional designations.

Knight replaces Peggy K. Binzel who was named CEO in 2002, shortly after the launch of the new association in May of that year. Binzel has chosen to leave CoreNet Global in pursuit of additional professional opportunities. “I am grateful to CoreNet Global’s extraordinarily talented and dedicated staff and its wonderful members,” Binzel said. “It has truly been a privilege to be part of building this organization, and I know it has a bright future.”

Among her achievements are Corporate Real Estate 2010, an industry-wide research and leadership initiative on the changing role of corporate real estate and the changing nature of work. Binzel also led efforts to develop the CoreNet Global Knowledge Center online, which has become the association's most accessible channel for delivery of a full range of industry case studies, research, benchmarking and other information on a 24 X 7 basis.

Prentice L. Knight, III, Ph.D.

While CEO, Binzel also introduced a corporate real estate industry diversity thrust including the “Diversity On Demand” buyer-supplier database for minority- and women-owned enterprises. She was also instrumental in the launch of the annual CoreNet Global Women's Conference signifying the growing importance of the role of women in leading the industry.

A search committee will soon be formed to find a successor, Elie also announced.

CoreNet Global members manage US $1.2 trillion in worldwide corporate assets consisting of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.