The intransitive verb “augur” means “to give promise of something” or “presage something,” so to “augur well” for somebody means to give promise of something good happening to that person. In this context, the use of the phrase “augurs well” in the following sentence that you presented is correct both grammatically and semantically: “The change in political leadership augurs well for the Executive Director, who was awarded with two presidential citations for his excellent leadership and outstanding government service.”