Lendlease appoints Europe CEO

Australian developer Lendlease has appointed a new chief executive of its Europe division, following the planned retirement of Neil Martin later this year.

Credit: Lendlease

The firm’s group head of Italy and Continental Europe, Andrea Ruckstuhl, has been appointed to the position with immediate effect, with Martin having announced his plan to retire by 30 September 2023.

“Andrea will continue the significant work underway as we shift to a more agile, investment-led company delivering sustainable results for our securityholders,” said global chief executive Tony Lombardo.

“Andrea’s new position as CEO Europe will leverage his knowledge, expertise and stakeholder management skills across the entirety of our Europe business.”

Ruckstuhl joined Lendlease in 2005 and has more than 25 years’ real estate experience. The firm said he had been “pivotal in establishing the group as a leading real estate company in Italy across the investments, development and construction segments”.