Simon Dixon Steps Down from Lendlease CFO Position as Andrew Nieland Takes Over

Lendlease Group announced a significant leadership transition in its finance department, with Simon Dixon relinquishing his role as Group Chief Financial Officer. The change arrives amid his decision to relocate to Asia, marking the end of his five-year tenure in the position since 2021. His departure will coincide with the company’s half-year financial results announcement scheduled for February 23, 2026, with the resignation becoming effective on February 28, 2026. The company’s Australian shares reflected investor concerns about the transition, declining approximately 3.4% to A$5.00 on the market.

Planned Transition and Nieland’s Appointment

Andrew Nieland, who previously served as Lendlease Chief Financial Officer for Investment Management and held the position of Group Financial Controller, has been selected to succeed Simon Dixon. Nieland will officially commence his duties in the newly vacant role on March 1, 2026, following a brief transition period. The promotion represents an internal advancement for Nieland, who brings substantial experience from his prior roles within the company’s financial hierarchy. This structured timeline ensures continuity in financial oversight during a critical operational period.

Strategic Involvement During Transition

Rather than departing immediately, Simon Dixon will maintain engagement with Lendlease through a strategic advisory capacity extending to December 31, 2026. During this advisory period, he will chair the Capital Recycling Steering Committee, leveraging his institutional knowledge to guide significant strategic initiatives. This arrangement allows the organization to benefit from Dixon’s expertise while facilitating a gradual handover of responsibilities to his successor, minimizing potential disruption to ongoing financial operations and strategic planning.