No, it is a grave abuse, because the words of consecration can be pronounced only by a priest. This is the doctrine of the Church, because it marks an essential difference between the ministerial priesthood and the so-called common priesthood, an essential difference.
So, this practice would be a pure Protestant style. Protestants have no priesthood, and for them, anyone can pronounce the so-called Words of the Last Supper. This is absolutely not Catholic, and it is a grievous abuse. Such a displacement must be admonished by the bishop and punished, of course.