Mumbai, April 7, 2017: The Board of Directors of Larsen & Toubro, at its meeting held on April 7, 2017, has appointed Mr. A M Naik as Non-Executive Chairman with effect from 1st October 2017 for a period of three years. Taking into account the need for seamless transition of leadership in an organization of the scale and complexity of L&T, the Board of Directors requested Mr. Naik to provide advice, guidance and mentorship to the Company’s executive management in the capacity of Non-Executive Chairman. Given Mr. Naik’s understanding of the complexities of high tech businesses and his rich experience in the field, the Board felt his role as advisor to the next generation of leadership would be essential for sustained growth and profitability. Mr. Naik has acceded to the Board’s request. His current term as Group Executive Chairman ends on September 30, 2017.
