Business
Lendlease’s Tarun Gupta to take over at Stockland from Mark Steinert – The Australian Financial Review
Lendlease’s Tarun Gupta will leave the company after 26 years to take over from Mark Steinert as managing director of Stockland, the country’s largest listed developer….
“Overall not a bad hire, but a little surprising,” Jeffries senior vice president for equity sales Michael Vincent said after the announcement.
“Tarun brings a lot more experience across multiple asset classes and will likely execute more transactions including selling down retirement (which he did at Lendlease and Stockland has been talking about for over 5 years) and apply some more Lendlease-style partnership models which Stockland lacks. Expect cost out at Stockland.”
The appointment raises…
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