New Delhi: SN Subrahmanyan will take charge as the chief executive officer (CEO) and managing director of Larsen & Toubro from Saturday, which will also mark the end of nearly two-decade long tenure of A.M. Naik at the helm. He will assume the new role of non-executive chairman for a period of three years beginning 1 October, immediately upon his retirement as executive chairman on 30 September. Naik said Subrahmanyan has a great work ethic and business acumen to take L&T to greater heights in the future. Subrahmanyan joined the construction business of L&T in 1984 as a project planning engineer after completing a degree in civil engineering and post-graduation in business management. In 2011, Subrahmanyan was inducted into the L&T board.

Source: Mint June 30, 2017 10:52 UTC