SN Subrahmanyan took over on 1 July as CEO and managing director following his appointment to the role by the board in early April. He was previously deputy managing director and president of the company, which operates in more than 30 countries worldwide and has revenue of more than US$17bn.
At the same April meeting, the board had also requested that group executive chairman AM Naik continue mentoring the company’s leadership as non-executive chairman for a further three years.
Nalik has described Subrahmanyan as the finest among the many top executives he had 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,” he said. “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.”
Subrahmanyan added: “Larsen & Toubro 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.”
He has been a board member since 2011 and had joined L&T’s construction business in 1984 as a project planning engineer after completing a degree in civil engineering and post-graduate studies in business management.