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Lendlease (ASX:LLC) - Incoming CEO & Managing Director, Tony Lombardo - The Market Herald
Incoming CEO & Managing Director, Tony Lombardo
Source: The Australian
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  • Steve McCann is retiring as CEO and Managing Director of Lendlease (LLC), effective from May 31
  • He has been with the construction company for 16 years with 12 of those spent as CEO and Managing Director
  • Current CEO of Asia Lendlease Tony Lombardo will assume these roles once Steve departs
  • Tony joined Lendlease in 2007 as Group Head of Strategy and Mergers and Acquisitions before becoming Group Chief Financial officer in 2011 and CEO of Asia in 2016
  • Lendlease has ended the day down a slight 0.25 per cent with shares trading at $12.07

Steve McCann is set to retire as CEO and Managing Director of Lendlease (LLC), effective from May 31.

He has been with the construction company for 16 years with 12 of those spent as CEO and Managing Director.

Current CEO of Asia Lendlease Tony Lombardo will assume these roles once Steve retires.

"It has been a tremendous privilege to lead Lendlease for more than 12 years," Steve said.

"I am very pleased that the board has selected Tony as my successor. His appointment reinforces the outstanding bench strength we have built in senior management at Lendlease. I have worked closely with Tony for 13 years and am confident in the future of Lendlease in his hands," he added.

Tony first joined Lendlease in 2007 as Group Head of Strategy and Mergers and Acquisitions (M&A) where he refocused the company's business strategy.

He was appointed Group Chief Financial Officer in 2011 and then CEO Asia in 2016.

Before joining Lendlease he spent nearly 10 years at GE where he oversaw M&A, strategy, and finance.

"I'm honoured to be selected by the board to succeed Steve as Lendlease Group CEO and Managing Director," Tony commented.

"I've had the privilege of working closely with Steve during my career at Lendlease and he leaves the group in a strong position with great future momentum," he added.

Lendlease has ended the day down a slight 0.25 per cent with shares trading at $12.07 in an $8.328 billion market cap.

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