Lendlease Group Chief Executive Officer and Managing Director Steve McCann will retire from the position on May 31, 2021, following a 16-year career with the company.
The company’s Board of Directors has appointed Tony Lombardo, currently Chief Executive Officer Asia Lendlease, as McCann’s successor.
Lendlease Chairman Michael Ullmer said McCann has played an instrumental role in spearheading Lendlease’s transformation, focusing on its integrated business model in global gateway cities.
“Under Steve’s leadership, the Group’s global development pipeline has grown to more than $110 billion including twenty-two major urbanisation projects across ten of the world’s most iconic cities,” Ullmer said.
“Lendlease is now recognised as a global leader in transforming major precincts into places people truly want to be. Steve’s passion, intellect and leadership as well as his unwavering commitment towards operating in a safe and sustainable way have left a powerful legacy.
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“The onset of COVID-19 delayed Steve’s planned retirement as he led the Group’s response to the pandemic. I’d like to thank Steve for his commitment to Lendlease during this challenging period.”
McCann said it has been a privilege to lead Lendlease for more than 12 years.
“I’d like to thank every one of our people around the world for their dedication in delivering our projects safely and sustainably on behalf of our customers, investment partners and the communities in which we operate,” McCann 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.”
Lombardo said he was honoured to be selected to succeed McCann as Lendlease Group CEO and Managing Director.
“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. I look forward to working with the Board, management and our 11,000-strong team globally to deliver positive outcomes for all of our stakeholders,” he said.