A source told the Enquirer that Pollard is likely to stay on for around six months to ensure a smooth hand over when a successor is found.
“There have been a lot of rumours about a looming management shake-up. It seems Nick is the main casualty,” he said.
The move is understood to be by mutal agreement.
Nick Pollard was appointed as chief executive officer of Bovis Lend Lease UK in November 2008 having joined as chief operating officer in October 2007 from Skanska.
Pollard is understood to be leaving as part of a wider restructuring by Dan Labbad, who was put in charge of Lend Lease’s European division in April.
Bovis Lend Lease was unavailable for comment.