Business
Lombardo gets top job at Lendlease as McCann retires – Sydney Morning Herald
Lendlease boss Steve McCann will retire after 12 years in the top job at the listed property developer.
Macquarie Bank analysts said a key focus for the new chief executive would be simplifying the business. As part of this, the group would look to recycle about $1 billion of capital from the sale of telecommunications, solar farms, services, and retirement.
We believe continued simplification to allow focus on the groups core offering would be beneficial, analysts Stuart McLean and Caleb Wheatley said.
During Mr McCanns tenure, Lendleases global development pipeline has grown to more than $110 billion…
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