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    L&T appoints Subramanian Sarma, two others as directors on board

    Synopsis

    Sarma, who is currently the chief executive officer and managing director of the company’s hydrocarbon engineering arm will now also be responsible for the company’s power business as a senior executive vice president (energy). ET was first to report about the board level changes on July 7 and about Sarma heading the energy business.

    L&T appoints Subramanian Sarma, two others as directors on boardReuters
    MUMBAI: Larsen & Toubro has inducted to its board Subramanian Sarma, non-executive director as an executive director and appointed two more directors, the $ 21 billion conglomerate said Monday.

    Sarma, who is currently the chief executive officer and managing director of the company’s hydrocarbon engineering arm will now also be responsible for the company’s power business as a senior executive vice president (energy). ET was first to report about the board level changes on July 7 and about Sarma heading the energy business.

    L&T has also elevated and inducted to the board SV Desai and T Madhava Das.

    “The slew of board level appointments reflects L&T’s resolve to chart an aggressive future in its businesses,” the company said in a statement.

    Desai has been appointed as the whole-time director and senior executive vice president of the civil Infrastructure division and will be responsible for the heavy civil infrastructure and transportation infrastructure businesses.

    Das will be designated as the whole-time director and senior executive vice president of utilities and will be responsible for the power transmission and distribution, and water and effluent treatment project businesses.

    “We require a global vision with a strong local orientation. All these colleagues have proven their worth in extremely testing circumstances and are well-equipped to take on the added responsibility of steering the future course of their respective businesses,” L&T CEO and MD SN Subrahmanyan said.

    These appointments follow the superannuation of Shailendra Roy, senior executive vice president and director for power and corporate affairs on July 7. ET had earlier reported that his role at the board level will be divided between two directors for now, with Sarma becoming director of the entire energy business.


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