Rajeev Talwar, full-time Director and CEO of real estate company DLF has retired from the company after close to 15 years with the firm.
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.” Further to Talwar’s retirement, DLF also informed the exchanges that Kashi Nath Memani and Dharam Vir Kapur will retire as independent directors of the company with effect from the close of business hours on March 31, upon the 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.
Talwar joined DLF in 2006 as an Executive Director and became a full-time Director in 2014. He took over as DLF’s CEO in 2015.
“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,” the company said in a statement.
An alumnus of St Stephen’s College, Delhi University, Rajeev Talwar was selected for the Indian Administrative Service in 1978 and has held several key positions in the central and state governments.
The company has not issued any statement yet on Talwar’s successor.