Vivek Anand, Group CFO of DLF Ltd resigns

Vivek Anand, the Group Chief Financial Officer (CFO) of DLF Ltd, a major real estate company, has submitted his resignation after a four-year tenure. His final working day with the company is scheduled for February 29, 2024. The announcement was made through a regulatory filing by DLF.

Following Anand's departure, DLF's Managing Director, Ashok Kumar Tyagi, will temporarily oversee the functioning of group finance. Tyagi, who already has overall responsibility for all corporate functions, will take on this additional oversight role during the interim period.

The regulatory filing stated that Vivek Anand decided to move on from the company to explore other career opportunities after his stint of over four years as the Group CFO. The company acknowledged Anand's contributions in strengthening the finance organization, systems, and controls over the past four years.

Ashok Kumar Tyagi, with a long stint as the group CFO and his role as CEO and whole-time director, will review the function during this transition period.

DLF's audit committee, which accepted Anand's resignation during a meeting, expressed appreciation for his contributions to the company.

Before joining DLF, Vivek Anand served as the Chief Financial Officer - India Subcontinent at GlaxoSmithKline Consumer Healthcare. His previous work experience includes roles as CFO at Telewings India, National Finance Director at Unilever Bangladesh, and Regional Finance Director at Unilever Singapore.

Meanwhile, DLF's shares experienced an upward trend during the day's trading session, settling at Rs 667.60 apiece on the BSE, marking a 2.68 percent increase compared to the previous day's close.