New Delhi: Embassy Office Parks REIT has announced the appointment of Amit Shetty as Chief Executive Officer, effective 1 August.
Shetty was previously the Chief Operating Officer of Embassy REIT. He has played an instrumental role in building Embassy REIT’s business in India’s foremost commercial office enterprise. Shetty joined Embassy REIT in 2021 from CBRE, where he spent 14 years.
Ritwik Bhattacharjee, the current CEO, will serve as Senior Advisor to the REIT.
According to Jitu Virwani, Chairman, Embassy Group:“We thank Ritwik for leading the REIT as Interim CEO, and the role he’s played in Embassy REIT’s success over the years. After conducting a process with a global executive search firm, the Board of the Manager to Embassy REIT unanimously chose Amit Shetty to be Embassy REIT’s CEO. With his pedigreed relationships with the leasing community and strong development and asset management capabilities, Amit will take the REIT to greater heights in this growth cycle for the Indian office market.”
Shetty said: “I am really pleased to lead Embassy REIT at such an exciting time for our business. I am grateful to the Board of Directors for their trust in me, and I look forward to working closely with my colleagues to deliver sustained value to all our stakeholders. I also thank Ritwik for all his contributions to Embassy REIT. Our business is in great shape with strong fundamentals and demand drivers, and the outlook for Indian office has never been brighter.”
