Julius Berger: Richter Takes A Bow, Lubasch Steps In As Managing Director

The development, according to the announcement, followed a decision of the board at its recent meeting.

According to a statement issued and signed by the company secretary, Mrs Cecilia Madueke, the decision for the change of guards was taken in a meeting the company’s Board of Directors held on 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.

The outgoing Managing Director, in a short statement, said that 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 on October 16, 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 had risen 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.

Richter expressed his thanks to the board, management, and staff for their trust in his leadership and for their cooperation and dedicated support, even as he wished the company continued success in realising its corporate goals.

The incoming Managing Director is a German national, born July 1, 1977. He possesses a Ph.D. in civil engineering from the University of Duisburg-Essen, Germany. He is assuming duty at the helm of affairs of Julius Berger Nigeria Plc with loads of relevant experience.

He joined Julius Berger in 2010 as Technical Manager and thereafter held various positions in the Julius Berger Group in Germany and Nigeria, culminating in his appointment as Managing Director/CEO of Julius Berger International GmbH in 2022.

He has 20 years of professional experience with 14 of them within Julius Berger and key qualifications in analytical decision-making, problem-solving, communication, conflict management, and teamwork, amongst others.

Lubasch had been Non-Executive Director, Board of PrimeTech, PrimeTech Design & Engineering Nig. Ltd, Abuja, Division Manager, Region Central and North (RCN), Julius Berger Nigeria Plc, Abuja, General Manager of PrimeTech, PrimeTech Design & Engineering Nig. Ltd, Abuja; and Technical Manager, Division Industries Gas & Oil (IGO), Julius Berger Nigeria Plc, Abuja, among others.

He was reassigned to Julius Berger Nigeria Plc and appointed to the Board of Julius Berger Nigeria Plc effective October 16, 2024, as Managing Director.

He has also attended many Advanced Leadership Programmes as well as participated in seminars on Site Management, Communication and international FIDIC contracts

As a professional engineer, Lubasch has made his marks on some key projects across Nigeria, with the NIS Administrative Building, Abuja, GE Industrial Plant, Calabar and the beautiful Lekki-Ikoyi Link Bridge, Lagos, as some reference projects.

The new Managing Director is a member of the Council of Registered Engineers of Nigeria, COREN and the Nigerian Society of Engineers, NSE, among other professional bodies. He speaks English, German and Spanish fluently.

He hopes to bring his experience to bear on his new roles as he steps in to lead Julius Berger’s journey to greater heights