DLF reshuffles top brass; appoints Ashok Tyagi as Group CFO

Aiming to strengthen the top-brass of the company, realty major DLF has reshuffled its managerial team and has appointed Ashok Tyagi as the Group CFO effective from on Thursday.

"To ensure that we are geared to exploit several growth opportunities while retaining strong focus on risk minimisation, the following organisational changes come into effect from today," DLF said in a statement.

Tyagi, besides being the Group CFO, would also head the commercial functions of the development vertical. The major organisational changes include AS Minocha, who would now be the non-executive Chairman of rental business and the Chairman of DLF Pramerica along with being the director of DLF Metro JV, Chairman of DLF Golf Resorts and lead DLF Hotels.

Meanwhile, Ramesh Sanka has been promoted as Managing Director of the office business and would also be responsible for support functions, including finance and IT. DLF further said Saurabh Chawla would continue to lead the investor relations and structured treasury functions.

Sriram Khattar would co-ordinate the VC's office and would be responsible for the legal compliances, financial risk management and key M&A initiatives across the group.

"The above changes reinforce our faith in the company's core strength... with the leadership provided by the above team, we would be able to successfully meet the challenges that lie ahead of us," the company added.