• Lendlease Group CEO Tony Lombardo to step down in August 2026
• Lombardo to relocate to South-East Asia for a new career opportunity
• Lendlease Board has appointed an executive search firm to find a new CEO

Lendlease Group today announced that Group Chief Executive Officer (CEO) and Managing Director Tony Lombardo will step down in August 2026 following Lendlease's full year financial results. Mr Lombardo has worked for Lendlease for 18 years, including the last five as Group CEO. Alongside Lendlease's Board and Corporate Leadership Team, he has led the development and execution of the Group's refreshed strategy, which has focused on restoring the balance sheet, simplifying the Group's portfolio and ultimately laying a platform for long-term value creation. Lendlease Chairman John Gillam stated that Lendlease's refreshed strategy is now embedded and FY27 is set to be an inflection point for the Group, presenting a natural opportunity for new leadership to guide the business into its next phase of execution and delivery from FY27 onwards. The Board has appointed a leading international executive search firm to assist with the search for the new Group CEO and will update the market in due course.