Lend Lease has appointed Skanska’s former head of infrastructure investment to replace Dan Labbad as chief executive officer in Europe, the Middle East and Africa.
Simon Hipperson - formerly managing director of KKR, a leading private equity firm, and chief executive of Skanska Infrastructure Development, an investor, developer and operator of infrastructure across the UK, Europe and the Americas - will take up the role in October.
It comes after the former CEO, Dan Labbad, was appointed Lend Lease’s group chief operating officer.
Mr Hipperson was at KKR between 2008 and 2011, where he was involved in establishing KKR Global Infrastructure Partners. Prior to this he was at Skanska, where he “positioned the UK PPP business as the market leading contractor in the design and delivery of capital projects”.
Just last month, Lend Lease’s construction chief Michael Dyke revealed plans to CN about expanding further into infrastructure.
The contractor said Mr Labbad and the EMEA management team will work closely with Mr Hipperson to ensure a ‘smooth transition’over the coming months.
Lend Lease group chief executive officer and managing director, Steve McCann, welcomed the appointment saying Mr Hipperson had a breadth of experience across target growth markets for Lend Lease in the region.
“I am pleased to welcome Simon to the executive management team,” said Mr McCann.
“Simon brings valuable skills and experience across property, infrastructure, construction and investment management that will assist us to deliver our strategy in EMEA.
“He joins a very capable management team in the region and a business that is well positioned to leverage the market recovery.”
Mr Hipperson holds a graduate diploma and HND in Construction Management from Anglia Polytechnic.