L&T In­fotech names San­jay Jalona as CEO

The Pak Banker - - COMPANIES/BOSS -

MUM­BAI: Larsen and Toubro Ltd ( L&T) an­nounced the ap­point­ment of San­jay Jalona as man­ag­ing di­rec­tor and chief ex­ec­u­tive of its wholly-owned sub­sidiary L&T In­fotech. The ap­point­ment comes at a time when the coun­try's largest en­gi­neer­ing and con­struc­tion com­pany is ex­pected to list L&T In­fotech, selling a 15% stake early next year. Jalona, who has spent a decade and a half in var­i­ous lead­er­ship po­si­tions at In­fosys, will lead the com­pany in its next phase of growth, said L&T in a state­ment. His last as­sign­ment was as ex­ec­u­tive vice-pres­i­dent and global head of high-tech man­u­fac­tur­ing and en­gi­neer­ing at In­fosys.

Mint re­ported last month that Jalona would join L&T In­fotech as CEO af­ter he left In­fosys. L&T In­fotech has been with­out a CEO since its joint CEOs Vivek Cho­pra and Mukesh Aghi quit in Oc­to­ber 2014. Man­ag­ing di­rec­tor V.K. Ma­gapu has been over­see­ing oper­a­tions. "His ap­point­ment adds thrust to L&T In­fotech's plans to boost prof­itable growth and strengthen its pres­ence in the Amer­i­cas, Europe, Gulf Co­op­er­a­tion Coun­cil coun­tries and the the Far East," said the state­ment. Jalona has also been in­ducted as a di­rec­tor on the board of L&T In­fotech and will op­er­ate out of the com­pany's of­fice in Edi­son, New Jersey, US. "Our clients are seek­ing smarter and more in­tel­li­gent so­lu­tions. We be­lieve that San­jay has the abil­ity to solve these chal­lenges and the ex­pe­ri­ence to take L&T In­fotech to the next level." said. A.M. Naik, group ex­ec­u­tive chair­man, L&T.

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