Stockland Chairman, Tom Pockett, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer. Gupta will join Stockland on 1 June 2021, succeeding Mark Steinert who has been Managing Director and Chief Executive Officer since 2013.

Steinert will remain in his position until Gupta’s commencement date. Pockett said: “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.’’

Gupta said “I leave my current role with great respect for the team I have worked with and I am excited by the significant opportunities ahead with Stockland. I am privileged to lead Stockland in continuing to enhance outcomes for its customers, employees, security holders, and the community.

The remuneration arrangements for Gupta are commensurate with the current Managing Director and Chief Executive Officer.

Image source: The Urban Developer