The Crown Estate has hired Dan Labbad, chief executive of Lendlease's Europe division, to succeed Dame Alison Nimmo as its CEO.
Labbad is leaving the Australian contractor after 20 years, the last 10 of them as group CEO of its European operations. He joined the company in 1997 as director of the project to expand Sydney Airport ahead of the 2000 summer Olympics.
Dame Alison announced in July last year that she would not be seeking a third four-year term as head of the Crown Estate, which manages the Queen's €14 bn of property holdings in the UK.
Chairman Robin Budenberg said Labbad 'brings a unique combination of proven leadership, deep commercial experience and international property expertise' to the company.
'Just as importantly, his long-held commitment to sustainability and broader community benefit aligns with our values and purpose,' Budenberg added.
'Dan will join the business at a key time in its continued transformation, putting our customers at the heart of everything we do, delivering new strategic services and continuing to play a major role in the expansion of the UK’s offshore wind sector.'
Labbad said: 'I am honoured to be joining the organisation and working with a team committed to its customers, to achieve meaningful and sustainable outcomes for the broader community and delivering a strong performance for the financial benefit of the nation.'
