Lendlease has announced the new head of its European operations.
The Group’s head of Italy and Continental Europe, Andrea Ruckstuhl, has been appointed CEO Europe, effective today (3 July).
Ruckstuhl takes over from former head of operations in Europe, Neil Martin, who will retire in September.
Ruckstuhl has held several roles at Lendlease since 2005, boosting its capacity across the investments, development and construction segments.
In Italy, he helped secure MIND in Milan, a new precinct for science, knowledge, technology and innovation supported by the Italian Government and asset management company, CPP Investments.
He also progressed development of Milano Santa Giulia, a green and residential district under construction in the south-east of Milan, backed by capital partner, PSP Investments.
He said: “I’m humbled and excited by the opportunity to lead Lendlease’s European team into the future, not just as a leader in delivering exceptional and sustainable places, but to also generate increased customer and securityholder returns as we pivot to become an investment-led real estate company.”
Lendlease Global CEO Tony Lombardo added: “Andrea will continue the significant work underway as we shift to a more agile, investment-led company delivering sustainable results for our securityholders.
“Andrea’s new position as CEO Europe will leverage his knowledge, expertise and stakeholder management skills across the entirety of our Europe business. I’m also looking forward to Andrea’s contributions to our Global Leadership Team, which he joins from today.
“I’d like to thank Neil Martin for his contribution to Lendlease over many years and his commitment to achieving a seamless leadership transition during the coming months.”
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