Lendlease has 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. He will be relocating to South-East Asia to take on a new career opportunity.
Tony has worked for the company 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 for the company’s people, customers, investors and security holders.
“Leading Lendlease has been a privilege and after nearly two decades, with five years as CEO, now is the right time for new leadership to oversee the next chapter in this great company’s storied history. I am proud of the progress we have made towards the strategic resetting of the Group.
“Following the strategic reset and the foundations we’ve put in place for long-term growth, it’s the appropriate moment for my family to set out on its next chapter. I am excited about the opportunities in South-East Asia, and this is where I plan to relocate for the next phase of my career.
“I look forward to working with the Board and my colleagues over the coming months to ensure a smooth transition and would like to take the opportunity to thank the Lendlease team, our partners and securityholders for their ongoing support.”
Tony Lombardo, Outgoing Group Chief Executive Officer, Lendlease
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.
“Lendlease’s refreshed strategy is now embedded and FY27 is set to be an inflection point for the Group. Tony and the Board have agreed this presents a natural opportunity for new leadership to guide the business into its next phase of execution and delivery from FY27 onwards.
“On behalf of the Board, I would like to thank Tony for his significant contribution to Lendlease. We look forward to working closely with Tony and the Corporate Leadership Team to continue to deliver on our strategy and ensure an orderly transition to a new Group CEO, with that process underway.”
John Gillam, Chairman, Lendlease
In December 2025, Lendlease appointed a new Group Chief Financial Officer.
