The Lendlease Group (ASX: LLC) share price is in focus after the developer announced CEO Tony Lombardo will step down in August 2026. The company revealed a leadership transition is underway, following the successful implementation of its refreshed strategy.
What did Lendlease report?
- CEO and Managing Director Tony Lombardo to leave after five years in the role
- Succession plan initiated, with executive search firm engaged to find new CEO
- Strategic reset of the Group has been largely executed
- Focus remains on long-term value creation for people, customers, and securityholders
What else do investors need to know?
Lombardo, who has been with Lendlease for 18 years, will depart after overseeing a period of significant change. The Board says the strategic reset â including efforts to simplify the portfolio, restore the balance sheet, and position for future growth â is now “embedded”.
Chairman John Gillam described FY27 as an “inflection point” for the business, suggesting that this is the right opportunity for new leadership. The transition process will prioritise stability, with Lombardo staying until August 2026 to support an orderly handover.
An international executive search firm has been appointed to identify the next Group CEO, with further updates to be provided to the market as the process unfolds.
What’s next for Lendlease?
Lendlease is entering the next phase of its strategy, with FY27 signalled as a turning point for the Group. The company is aiming to build on its recent foundations and drive long-term growth.
Investors can expect more updates on the CEO search and further details on business execution as the leadership transition is managed across the coming 18 months.
Lendlease share price snapshot
Over the past 12 months, Lendlease shares have declined 29%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
The post Lendlease announces CEO succession as Tony Lombardo steps down appeared first on The Motley Fool Australia.
Should you invest $1,000 in Lendlease Group right now?
Before you buy Lendlease Group shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Lendlease Group wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 Jan 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Temple & Webster H1 FY26 earnings: Revenue jumps 20% as market share grows
- Paladin Energy shares in focus after uranium sales fuel revenue jump
- Pro Medicus interim earnings surge on record profits
- AMP FY25 result: 21% profit lift and higher AUM
- Orora earnings: robust half-year profit growth and outlook
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.