Why this time might be different for serial underperformer Lendlease
A demerger is often the go-to solution for companies weighed down with an underperforming division. But it might not stack up for under-pressure Lendlease.
Lendlease chief executive Tony Lombardo is doing a good job of looking like he understands urgency.
This week, he’s requested the under-pressure construction and development group’s “key lieutenants” fly in from around the world and meet for a few days of strategy sessions. Last week, he told The Australian Financial Review’s Breakfast with the Boss podcast that he has always been in a hurry to get to the top.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
