Property ManagementPrudential Relocation Appoints New President
Prudential Real
Estate and Relocation Services (PRERS) today announced the appointment
of Margery Marshall as the new president of Prudential Relocation.
Marshall is a recognized and experienced leader in the relocation
industry. Her proven track record in leading change, successfully
growing international and domestic operations, as well as extensive
merger and acquisition experience are well known. As an experienced
consultant, servicing a vast array of organizations with their
domestic and international relocation, real estate, and human resource
needs, Marshall truly believes Prudential Relocation has the best
business model in the industry, according to the company.
Also joining the organization is Vikram Renjen as vice president,
Operations Accounting and Expense Processing. Renjen will lead Operations
Accounting and Expense Processing for Prudential Relocation. He has
significant experience with process improvement and re-engineering.
Renjen recently led the operational processes and systems
transitions with the Prudential Health Care Separation and Transition
Program. Throughout his years at Prudential, he has led several
business process re-engineering efforts that centered around
identifying and implementing process enhancements, increasing
productivity and improving quality and efficiency. He is a veteran of
identifying expedient solutions and will be a tremendous asset to
Prudential Relocation.
These two new appointments will facilitate the growth phase
Prudential Real Estate and Relocation Services is entering. Building
upon the Service Excellence Center in Phoenix, the company"s senior
management team will continue leading efforts to deliver valuable and
meaningful, industry-leading solutions for clients.
Prudential Real Estate and Relocation Services is an integrated
real estate and relocation business and consists of two entities: The
Prudential Real Estate Affiliates, Inc. and Prudential Relocation.
As of December 31, 2000, there were over 1,550 offices and 42,000
sales professionals in the franchise Network which generated a sales
volume of $96.0 billion in 2000. The franchisees generally are
independently owned and operated. The Prudential Real Estate
Affiliates, Inc. began offering franchises in 1988 and is now one of
the largest real estate brokerage franchise networks in North America.
Prudential Real Estate and Relocation Services can be found at
www.prudential.com. Prudential Relocation is the second largest
provider of comprehensive global relocation services in the U.S.
according to Relocation Information Services as of December 31, 1999.
In 2000, Prudential Relocation completed over 196,000 service
transactions to more than 56,000 transferees of its corporate clients.
Prudential Relocation has an established client base ranging from
Fortune 500 companies to U.S. government agencies.