Chief executive is understood to be leaving by mutual agreement after less than two years in the job

Bovis Lend Lease chief executive Nick Pollard is to leave the business after 20 months in charge.

It is understood that Pollard will leave the business by mutual agreement as part of a restructure being carried out by regional chief executive Dan Labbad.

He will, however, remain with the company for around six months while the new structure is put in place.

It is thought that the company is likely to operate without a chief executive officer in future, but will make an appointment at a lower level.

Pollard’s departure comes amid a turbulent period for Bovis, which has been hit hard by the downturn in commercial work.

The company has traditionally won a lot of work from major private sector developers including Stanhope and Land Securities, but has seen workload hit as a result of the recession.

The news follows a global restructure by Bovis’ Australian parent Lend Lease in April, which involved the appointment of four regional chief executive officers worldwide.

These included Labbad, who previously oversaw Lend Lease’s development business in Europe. As part of the move, Bovis was brought under his control, rather than reporting directly back to Australia.