Julius Berger announce Lubasch MD as Ritcher bows out

The Board of Directors of Julius Berger Nigeria Plc has announced a major change in the constitution of its management as the current Managing Director, Engr Dr. Lars Richter is replaced by the Chief Executive Director of Julius Berger International, Dr. Peer Lubasch.

This became eminent due to the expiration of Richter’s contract next month, according to a statement issued and signed by the company Secretary, Mrs Cecilia Madueke, saying the decision for the change of guards was taken in a meeting the company’s Board of Directors held September 25, 2024.

She thus announced that the following decisions were taken: “the resignation of Engr. Dr Lars Richter as Director and Managing Director of the company at the expiration of his contract of employment on October 15, 2024, was accepted.

“Engr. Dr Peer Lubasch, in line with the succession plan for the Executive Management, was appointed as a Director and Managing Director of the company with effect from October 16, 2024.”

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The outgoing Managing Director in a short statement said, “The Board of Directors of Julius Berger Nigeria PLC in their meeting honoured my request to not extend my contract as Managing Director. After six years leading the company as CEO I will be returning to Germany at the end of this year for personal reasons.”

He also introduced his successor, Dr Lubasch saying, “I am pleased to announce that Dir. Peer Lubasch, currently the CEO of Julius Berger International GmbH in Wiesbaden, will take over the position starting from 16th October 2024.”

Richter’s journey with Julius Berger started back in 2002 when he commenced his career as a young engineer in the Wiesbaden office of the company. By 2018, he rose to become the company’s Managing Director.

“Today, I look back on 15 years of service with Julius Berger Nigeria PLC, during which I have had the privilege of working with many people in the company and mastered many challenges, he said last Wednesday,” he said.

The incoming Managing Director is a German national, born July 1, 1977.

He possesses a Ph.D. in Civil Engineering from the University in Duisburg-Essen, Germany. He is assuming duty at the helm of affairs of Julius Berger Nigeria Plc with loads of relevant experience.