Larsen & Toubro appoints new CEO
MUSCAT: S.N. Subrahmanyan will step into his role as chief executive officer (CEO) and managing director of Larsen & Toubro (L&T), effective July 1, 2017.
This follows his appointment to the role by the Board of Directors of L&T at its meeting held on April 7 this year. Subrahmanyan is currently the deputy managing director and president of the company.
At the meeting on April 7, the board had also requested A.M. Naik, group executive chairman, L&T, to provide guidance and mentorship to the company’s leadership subsequent to his current term. Consequently, Naik will continue as the non-executive chairman of the company for a period of three years, effective October 1, 2017.
Core domains
Speaking on the occasion, Naik said: “Subrahmanyan is the finest among the many top executives I have mentored over the last few years. Three years ago, he was identified as the most likely leader to take on the role of CEO and Managing Director. Since then I have worked closely with him and engaged him in all aspects of L&T’s operations, going beyond his core domains of infrastructure and construction.”
“Subrahmanyan has a great work ethic and business acumen to take L&T to greater heights in the future. I have full confidence that under him L&T will remain steadfast to its core values, fulfil the expectations of our stakeholders and continue to play a key role in building a stronger India,” he added.