Stockland has appointed the chief financial officer of one of its biggest competitors to the top job.
Tarun Gupta will join Stockland as its managing director and CEO after 26 years with Lendlease. He succeeds Mark Steinert, who will remain in his position until Mr Gupta takes over on 1 June 2021.
“The Stockland board is delighted to welcome Tarun as our new managing director and chief executive officer,” said chairman Tom Pockett.
“Tarun has deep commercial experience and a proven track record in leading and managing large property operations. We know that he is highly regarded in the industry and has a strong reputation among property investors.”
Mr Gupta has held a number of roles with Lendlease, including chief investment officer for Asia Pacific and chief financial officer, after commencing his career there as a graduate. He holds a bachelor of arts (economics) from the University of Delhi and a master of business administration from the University of Newcastle.
“It is an honour to be appointed to an organisation that has been building communities across Australia for over 65 years and is globally recognised as a leader in sustainability,” Mr Gupta said.
“I leave my current role with great respect for the team I have worked with and am excited by the significant opportunities ahead with Stockland. I am privileged to lead Stockland in continuing to enhance outcomes for its customers, employees, securityholders and the community.”