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| Todd Bancroft |
CHICAGO, IL – Draper and Kramer, Inc. announced
its Board of Directors has appointed Chief Operating Officer and General
Counsel Todd Bancroft as the firm’s next president and chief executive
officer.
Bancroft, who has been serving as interim president and CEO
of the real estate services firm for the last three
months, succeeds Forrest D. Bailey, who was Draper and Kramer’s
president and CEO for 20 years until stepping into a new role as vice chair and
CEO emeritus in August.
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| Forrest D. Bailey |
“Draper and Kramer has a legacy of impactful, visionary leaders who have
made this company what it is today, beginning with its founders 125 years ago,
and Todd very much carries on that tradition,” said Stephen P. Miller, board
chairman for Draper and Kramer, a fifth-generation family-owned company.
“As the Board searched for the right candidate to bridge the company’s 125-year history with its next chapter, we unanimously identified Todd as the right individual to guide the firm.
"He is a talented and trusted leader, with a deep understanding and appreciation for the company’s heritage as a family-owned business, as well as the ability to plan for the future and capitalize on new opportunities that align with Draper and Kramer’s broader investment strategy.”
“As the Board searched for the right candidate to bridge the company’s 125-year history with its next chapter, we unanimously identified Todd as the right individual to guide the firm.
"He is a talented and trusted leader, with a deep understanding and appreciation for the company’s heritage as a family-owned business, as well as the ability to plan for the future and capitalize on new opportunities that align with Draper and Kramer’s broader investment strategy.”
Bancroft joined Draper and Kramer in 2012 as chief administrative officer,
senior vice president and general counsel responsible for mortgage and cash
management operations.
In 2014, he was promoted to COO and general counsel, overseeing operations across all four of Draper and Kramer’s divisions including acquisitions and development, commercial finance and residential management as well as the firm’s residential mortgage services group, Draper and Kramer Mortgage Corp.
In 2014, he was promoted to COO and general counsel, overseeing operations across all four of Draper and Kramer’s divisions including acquisitions and development, commercial finance and residential management as well as the firm’s residential mortgage services group, Draper and Kramer Mortgage Corp.
“I am honored to be appointed as Draper and Kramer’s next leader and thank
the Board for its confidence and trust in me,” said Bancroft. “It is especially
meaningful to be entrusted with this role as we mark Draper and Kramer’s 125th anniversary
later this month.
"As we celebrate that milestone, I’m eager to work alongside our team to identify ways we can build on Draper and Kramer’s legacy – one that continues to differentiate us within the broader commercial real estate landscape.”
"As we celebrate that milestone, I’m eager to work alongside our team to identify ways we can build on Draper and Kramer’s legacy – one that continues to differentiate us within the broader commercial real estate landscape.”
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| Stephen P. Miller |
Bancroft has a B.S. in accounting from the University of Illinois at
Champaign-Urbana and J.D. from the University of Florida.
He is a licensed real estate managing broker in the state of Illinois and a licensed real estate broker in the state of Michigan.
He is a licensed real estate managing broker in the state of Illinois and a licensed real estate broker in the state of Michigan.
CONTACTS:
Sarah Lyons, slyons@taylorjohnson.com,
(312) 267-4520
Abe Tekippe, atekippe@taylorjohnson.com,
(312) 267-4528
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