Mumbai, April 8: Engineering and construction major Larsen & Toubro (L&T) on Friday appointed S.N. Subrahmanyan as the CEO and MD of the company.
He would take over the position from July 1. He is currently the Deputy Managing Director and President of the company.
AM Naik, who has been serving as Chairman since 2003, will become the non-executive Chairman for three years from October 1.
“It is an onerous responsibility to manage and grow such a huge and highly diversified engineering, project, manufacturing and services conglomerate. Further, stepping into the shoes of a visionary and industry doyen like A.M. Naik is not easy,” Subrahmanyan said.
L&T is an Indian multi-national conglomerate, it is widely diversified in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue.
It has huge manpower and operates in over 30 countries worldwide.