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9 December 2002
Appointment of New CEO
Lend Lease today announced the appointment of Mr Greg Clarke, former CEO Cable & Wireless Communications plc, as Managing Director and Chief Executive Officer of the Lend Lease Group. The appointment, which is effective immediately, follows a global search commenced in May this year.
Mr Clarke brings more than 20 years’ experience in international business development and operations through career roles including Vice President, Cellular (Paris) for Nortel Communications; Chief Executive Mobile, C&W Mobile plc; and COO, then CEO, Cable & Wireless Communications plc.
His hands-on career experience includes roles spanning international operations, technical client services, marketing and sales management, as well as large scale business integration.
Mr David Higgins today steps down as the Managing Director and Chief Executive Officer, but will continue as an Executive Director until his departure in the new year.
Further details are included in the attached media statement.
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MEDIA RELEASELend Lease today announced the appointment of Mr Greg Clarke, former CEO Cable & Wireless Communications plc, as Managing Director and Chief Executive Officer of the Lend Lease Group. The appointment, which is effective immediately, follows a global search commenced in May this year.
Mr Clarke brings more than 20 years’ experience in international business development and operations through career roles including Vice President, Cellular (Paris) for Nortel Communications; Chief Executive Mobile, C&W Mobile plc; and COO, then CEO, Cable & Wireless Communications plc.
Mr Clarke is also a Non-Executive Director of British United Provident Association (BUPA), the largest private health provider in the United Kingdom.
His hands-on career experience includes roles spanning international operations, technical client services, marketing and sales management, as well as large scale business integration.
Lend Lease Chairman, Ms Jill Ker Conway, said the Board was very pleased with the strong field of candidates wanting to lead the execution of the company’s real estate strategy.
“We know the market has been keen for us to conclude the CEO recruitment, and we are delighted with the outcome of our search,” Ms Ker Conway said.
“What stood out for us about Greg is his experience in hands-on operations management, team building and business development at an international level.
“His skill set will complement our strong real estate, funds management and finance focused senior executive team, which includes the CEO of the Real Estate Solutions business, Mr Ross Taylor; the CEO of the Real Estate Investments business, Mr David Ross; and the Finance Director, Mr Robert Tsenin,” Ms Ker Conway said.
Mr Clarke said: “I consider myself very fortunate to have joined Lend Lease. It is a very strong, well positioned company, with an innovative, problem-solving culture that I identify with extremely well.
“The company has established a unique position in the global real estate markets. We have a lot of work to do to get the best out of that position for shareholders, and I believe my experience will fit well with the existing team’s commitment to delivering a reliable growth profile,” he said.
Mr Clarke will be based in London with Mr Tsenin and Mr Taylor.
Mr David Higgins today steps down as the Managing Director and Chief Executive Officer, but will continue as an Executive Director until his departure in the new year.
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