Larsen & Toubro promotes SN Subrahmanyan to CEO, MD
Larsen & Toubro’s board of directors has promoted SN Subrahmanyan to the position of chief executive officer and managing director
Larsen & Toubro’s (L&T) board of directors has promoted SN Subrahmanyan to the position of chief executive officer and managing director with immediate effect.
Previously, Subrahmanyan was deputy managing director and president of the India-headquartered contractor.
The board also requested that AM Naik, L&T’s group executive chairman, continue to provide guidance to the firm’s leadership following his current term. In turn, Naik will perform the role of non-executive chairman for a period of three years, effective from 1 October, 2017.
Speaking on the occasion of Subrahmanyan’s latest appointment, Naik said: “Mr 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.
“Mr 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, [the company] will remain [committed] to its core values, fulfil the expectations of [its] stakeholders, and continue to play a role in building a stronger India.”
Subrahmanyan joined L&T in 1984 as a project planning engineer, after completing a degree in civil engineering and a post-graduate qualification in business management.
During the course of his 33-year career, Subrahmanyan has overseen L&T’s activities on a diverse array of large-scale projects in India, including airports, metro systems, and freight corridors. He has also presided over the firm’s expansion into numerous international markets, including countries in the Middle East.
Commenting on his promotion, Subrahmanyan said: “This is indeed [a] high honour and immense responsibility. I am truly blessed and count myself very fortunate.
“[L&T] is a flag bearer for Indian industry, and is the builder of the India of tomorrow. I am very grateful to Mr Naik for his guidance, and will try my best to live up to his expectations in taking this great company forward into the future.”