The Crown Estate has announced former Lendlease Europe CEO Dan Labbad as its new chief executive
As chief executive at The Crown Estate, Dan Labbad will become the second commissioner and will join the board.
The appointment follows the announcement that Dame Alison Nimmo will be stepping down at the end of this year.
Chairman, Robin Budenberg, said: “Dan Labbad’s appointment is very exciting for The Crown Estate. He brings a unique combination of proven leadership, deep commercial experience and international property expertise. 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.
“Dan brings significant experience in developing and implementing strategies for change management across various property-based businesses and cultures. Together with the Board and the wider leadership team, I look forward to working with Dan to ensure a smooth leadership transition.”
Dan Labbad added: “The Crown Estate is a unique and remarkable business which delivers outstanding financial results whilst taking a long-term view in how it creates value for its customers, partners and local communities.
“I am honoured to be joining the organisation and working with a team committed to its customers, to achieve meaningful and sustainable outcomes for the broader community and delivering a strong performance for the financial benefit of the nation.”