Savills Studley Inc. named Mitchell Rudin, Mack-Cali Realty Corp.'s former CEO and vice chairman, as its new president.

Rudin, who will join the company Oct. 1, will succeed Michael Colacino in the role Jan. 1, 2019, after the latter steps down by 2018-end.

Colacino, who has been company president since 2002, will depart from Savills Studley after a 27-year tenure, according to a release.