Business
Stockland (ASX:SGP) share price up 3% after new chief announced
The Stockland Corporation Ltd (ASX: SGP) share price is up today after the company announced the appointment of a new chief executive officer.
Industry veteran Tarun Gupta will replace Mark Steinert, who has been at the helm since 2013 and announced his retirement from the company in June. At the time of writing, the Stockland share price is trading up 3.07% at $4.70.
Why is the Stockland share price lifting?
In announcing the appointment, Stockland said Mr Gupta would bring plenty of experience to the CEO position. He is the current chief financial officer at Lendlease Group (ASX:LLC), having first joined that company as a graduate and holding a variety of senior positions across 26 years.
Stockland described Mr Gupta as “the…
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