I’ll step down as chairman in October: L&T’s Naik
The problem with India is China, on the one hand, keeps poking us at the border, and then they enjoy a $50 billion trade surplus with us, says L&T non-executive chairman A.M. Naik
MUMBAI/NEW DELHI : At infrastructure conglomerate Larsen and Toubro, a significant step in its succession plan will play out this year. Non-executive chairman A.M. Naik, who joined the company in 1965 as a junior engineer and rose to become chairman, turning the company into a formidable industrial behemoth along the way, will step down as non-executive chairman in October, making way for his successor S.N. Subrahmanyan, the company’s CEO and managing director, to lead the board as well.