L and T succession resolved, as SN Subrahmanyan takes the helm | business | Hindustan Times
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L and T succession resolved, as SN Subrahmanyan takes the helm

business Updated: Sep 21, 2015 19:06 IST
HT Correspondent
HT Correspondent
Hindustan Times
Larsen and Toubro

In what could be considered as a resolution of the much-awaited succession issue at L&T, India’s largest engineering company late Monday said its board had approved the appointment of senior executive vice president SN Subrahmanyan, as deputy managing director and president.

Mr Subrahmanyan, who heads the profitable construction business of the company, was inducted on to the Board in 2011.

L&T said the board has also approved the appointment of DK Sen as whole-time director and senior executive vice president (infrastructure).

“These appointments are in line with our plans for succession and seamless transition of leadership,” said group executive chairman AM Naik. “Both Mr Subrahmanyan and Mr Sen have decades of experience in the company and proven track records of performance,” he added.

Mr Subrahmanyan, who has spent 30 years with L&T, has a degree in civil engineering and a post-graduate qualification in business management.

L and T said that Mr Subrahmanyan has driven many of the company’s large and prestigious infrastructure and construction projects, including EPC contracts for construction of major international airports in India at Bengaluru, Hyderabad, Delhi and Mumbai, as well as development of the Dedicated Freight Corridor.

Mr Subrahmanyan also spearheaded major international projects including metro systems in Qatar and Saudi Arabia.

Mr DK Sen, a graduate of IIT-Kharagpur and a post-graduate of the Xavier Institute of Labour Relations, Jamshedpur, had joined L&T in 1989.

In his new role, Mr Sen will be responsible for multiple businesses including transportation infrastructure, heavy civil infrastructure, special projects and L&T Geo Structure.