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

Julius Berger Nigeria Plc has announced a major change in the constitution of its management with the current Managing Director, Engr Dr. Lars Richter taking a bow as the current Chief Executive Director of Julius Berger International, Dr. Peer Lubasch steps as new Managing Director of the company.

The changes according to a statement by the company Secretary, Mrs Cecilia Madueke, followed a decision of the Board at its recent meeting of the Board of Directors which held on September 25, 2024.

Madueke said that part of the decisions taken included the resignation of Dr Lars Richter as Director and Managing Director of the company at the expiration of his contract of employment on October 15, 2024, which was accepted.

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

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”.

Richter introduced his successor, Dr Lubasch saying, “I am pleased to announce that Dr. 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 and rose to become the company’s Managing Director in 2018.

Richter further said; “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”.

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

The incoming Managing Director, Dr Lubasch is a German national, born July 1, 1977 and possesses a Ph.D. in Civil Engineering from the University in Duisburg-Essen, Germany.

Lubasch, who 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, is assuming duty at the helm of affairs of Julius Berger Nigeria Plc with loads of relevant experience.

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, 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.

Lubasch attended many Advanced Leadership Programs 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.