Lendlease boss taking £1m pay cut in Crown Estate move

By Dave Rogers2019-04-24T05:00:00

Dan Labbad working out notice ahead of start next year

New Crown Estate chief executive Dan Labbad will take a £1m pay cut when he joins the developer from Lendlease next year.

According to Lendlease’s latest annual report Labbad, who is currently the chief executive of its European operation as well as its international operations, was paid a basic salary of AUS$1.1m (£627,500) in the year to last June which rose to AUS$2,936,000 (£1.6m) once bonuses and other payments were taken into account.

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