DLF's CEO Rajeev Talwar Retires

CEO and Director of real estate firm DLF, Rajeev Talwar has retired from the company after completing nearly 15 years with the organization.

In a disclosure to stock exchanges, the company stated, "Further to our disclosure dated January 29, 2021, please note that Rajeev Talwar has been superannuated from the close of business hours of March 31, 2021."

In addition to Rajeev’s retirement, the company has also informed the exchanges that Kashi Nath Memani and Dharam Vir Kapur would retire as independent directors of the company with effect from the close of business hours on March 31. On completion of their second term, they were reappointed as independent directors for two consecutive years with effect from April 1, 2019 till March 31, 2021.

Rajeev joined DLF in 2006 as an Executive Director, and took over a wholetime Director in 2014. He then became the CEO of DLF in 2015.

In a statement, the company says, “Talwar has also ably led our business in East and West and delivered some important projects for us in these geographies. He has been an integral part of the leadership team at DLF and played an important role in its growth journey over the years.”

Rajeev Talwar is an alumnus of St Stephen’s College, Delhi University. He was selected for the Indian Administrative Service in 1978, and then he held various key positions in the central and state governments.

However, the company has not issued any statement on Rajeev’s successor.