Lendlease leads ASX 200 gains after CEO appointment
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More news: Lendlease shares rallied in early trade and was the top performing stock across the ASX 200 following the appointment of Nick O’Neil as its new group chief executive officer and managing director.
Shares rose 6.3% to $2.7 at 11:32am AEST.
The company has also reaffirmed its FY26 core operating earnings guidance of 28 to 34 cents per security.
Lendlease appoints Nick O’Neil as CEO, reaffirms FY26 guidance
The news: Lendlease has appointed AustralianSuper’s head of Australian real assets Nick O’Neil as its new group chief executive officer and managing director, effective 10 September.
The context: O’Neil brings over 25 years of global experience across corporate and investment strategy, M&A and real asset management. He joins from AustralianSuper, having previously spent 17 years with Macquarie Group driving operations across the US and Latin America.
Lendlease has also reaffirmed its FY26 earnings guidance of 28 to 34 cents per security for its investments, development, and construction segment, while also forecasting new construction work secured this financial year to reach approximately $6.5 billion.
