Australia-based contractor and developer Lendlease has named Andrea Ruckstuhl as the business’ new CEO Europe, effective earlier this week.
Company CEO Tony Lombardo announced Ruckstuhl, previously the head of Italy and Continental Europe, would step into the role and replace former Europe CEO Neil Martin. In April, Martin announced he would retire by Sept. 30.
Ruckstuhl joined Lendlease in 2005 and has more than 25 years of experience in the real estate industry. In his 18 years, he has played a pivotal role in establishing the company as a leading real estate business in Italy in Lendlease’s investments, development and construction sectors, the announcement said.
“Andrea has been central to Lendlease’s success in Italy,” Lombardo said in the announcement.
Lombardo also noted Ruckstuhl’s leadership on the Milan Innovation District, a $2.5 billion science, technology and innovation mixed-use development in Milan, Italy. With an expected completion date in 2032, the project sits northwest of Milan’s city center, which places it close to important transportation links and infrastructure.
When finished, the project will include 3.8 million square feet of office space, 1,083 apartments and over 375,000 square feet of retail.
Lendlease also recently changed its top leadership in the states. In October, the contractor appointed a new CEO for its Americas division. Claire Johnston, formerly managing director of Lendlease’s Google Development Ventures division, stepped into the role held by former global chief operation officer and CEO Americas Denis Hickey, who left the company after a decade.
