Leadership Transition at Kolte-Patil Developers: CEO Rahul Talele Resigns, Atul Bohra Appointed as Successor

Key Executive Change at Kolte-Patil Developers
Kolte-Patil Developers announced a significant leadership change as Group Chief Executive Officer (CEO) Rahul Talele has resigned to pursue professional opportunities outside the organization. Talele will remain with the company as a non-key managerial personnel until August 31, 2024, to ensure a smooth transition.

Appointment of New Group CEO
On the recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Atul Bohra as the new Group CEO and Senior Management Personnel (SMP), effective June 14, 2024. Bohra brings over 20 years of experience to the role and has an extensive history with Kolte-Patil Developers, having served in various capacities from 2012 to 2023, including as the Group Chief Financial Officer (CFO).

Experienced Leadership
Atul Bohra's extensive background with Kolte-Patil Developers and his experience as Group CFO positions him well to lead the company through its next phase of growth. His appointment is expected to drive strategic initiatives and further strengthen the company's market position.

Smooth Transition
Rahul Talele's continued involvement until the end of August ensures a seamless transition, maintaining stability and continuity in the company's operations. His contributions during this period will support Bohra's leadership and the company's strategic objectives.

The leadership change at Kolte-Patil Developers marks a new chapter for the company. With Atul Bohra's appointment as Group CEO, the company is poised for continued growth and success, building on its strong foundation and experienced management team.