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L&T nominates S.N. Subrahmanyan as MD and President

By Religare
|

Larsen & Toubro (L&T) said that it has appointed S.N. Subrahmanyan as Deputy Managing Director and President with effect from October 1, 2015.

Subrahmanyan, who has been a board member since 2011, was senior executive vice-president prior to the appointment, the company said in a filing to the Bombay Stock Exchange.

L&T also announced that DK Sen has been inducted on the Board and designated as Whole-Time Director & Senior Executive Vice President (Infrastructure).

 

Commenting on the Development, Larsen & Toubro, Group Executive Chairman, A.M. Naik said, "These appointments are in line with L&T's plan for succession and seamless transition of leadership."

Subrahmanyan has a degree in civil engineering and a post-graduate qualification in business management. He has over the last 30 years played a critical role in driving many of the company's large and prestigious infrastructure and construction projects.

Meanwhile, shares of the company were trading at Rs 1535.20 a piece, down 1.07 per cent from the previous close at 12:51 hours on BSE.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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