Jones Lang LaSalle will pay its new CEO Colin Dyer a base salary of $750,000, according to an offer letter filed last week with the Securities and Exchange Commission. The Chicago-based real estate services firm announced last week that Dyer will succeed former CEO Christopher Peacock to become CEO effective on Sept. 7.
Dyer currently is the president of WorldWide Retail Exchange, an Internet-based retailing business. Dyer’s target bonus for 2005 will be $750,000, according to the letter. Peacock earned a $400,000 salary plus a $450,000 bonus for 2003, according to a recent Jones Lang LaSalle proxy statement.