Tom Pockett, Chairman of Stockland, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer (CEO).
Tarun Gupta will join Stockland on 1 June 2021, succeeding Mark Steinert who has been Managing Director and Chief Executive Officer since 2013. Mr Steinert will remain in his position until Mr Gupta’s commencement date.
“The Stockland Board is delighted to welcome Tarun as our new Managing Director and Chief Executive Officer. 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,” said Tom Pockett.
“Our rigorous internal and external executive search process gave us a field of very high quality candidates. Ultimately the Board made the decision based on Tarun’s breadth of experience across the property sector including in relation to communities development, retirement living, commercial property and investment management,” he added.
Mr Gupta has held a wide range of senior roles during his 26 years at Lendlease including most recently as the Group Chief Financial Officer.
Mr Gupta commenced his career with Lendlease as a graduate. During his time with that group he has worked across a number of divisions, which included Regional Chief Executive Officer, Property Australia spanning Communities and Urbanisation development, Retirement and Investment Management businesses. He has held a wide range of other senior roles including Group Head of Investment Management, Chief Investment Officer, Asia Pacific, Fund Manager, Australian Prime Property Funds and most recently Group Chief Financial Officer which included responsibility for Finance, Strategy and Investor Relations.
Mr Gupta holds a Bachelor of Arts (Economics) from University of Delhi, India and a Master of Business Administration from University of Newcastle, Australia.
“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. 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, securityholders and the community,” said Mr Gupta.
“Mark has made a great contribution to Stockland and will continue to apply his passion and commitment to the delivery of our strategic priorities and our purpose of a better way to live during this transition period,” said Mr Pockett.
“As Managing Director and Chief Executive Officer Mark has overseen the development of Australia’s leading residential business, reshaped and expanded our workplace and logistics portfolio and significantly repositioned our town centre business. Mark has fostered a strong executive team, made significant advances in building innovation and digital capabilities and solidified Stockland’s position as a diverse employer of choice and global leader in sustainability,” he added.