The Crown Estate is to appoint Dan Labbad as its new chief executive, replacing Dame Alison Nimmo.
Nimmo steps down at the end of the year after serving two four-year terms as the head of the estate. Australian Labbad joins from Lendlease Europe, where he has served as chief executive since 2009.
Crown Estate chairman Robin Budenberg said Labbad was bringing with him a “unique combination of proven leadership, deep commercial experience and international property expertise” and that he had “significant experience in developing and implementing strategies for change management across various property-based businesses and cultures”.
Budenberg added: “Just as importantly, his long-held commitment to sustainability and broader community benefit aligns with our values and purpose. 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: “The Crown Estate is a unique and remarkable business which delivers outstanding financial results while taking a long-term view in how it creates value for its customers, partners and local communities.”
Labbad’s appointment has to be made by Royal Warrant. It is a four year-term with the possibility for a second four-year term to be served.
A spokesman for Lendlease said: “Dan Labbad has made a major contribution to Lendlease during his 22 years with the company. In his role as Europe CEO, Dan has overseen delivery of several major developments and secured a pipeline of projects that Lendlease will be delivering for decades to come.”
Labbad will remain in his role at Lendlease for six months and the developer will soon commence recruitment for a new Europe CEO.
To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette
