Larsen and Toubro(L&T) on Thursday announced that it was elevating R Shankar Raman as the President of the engineering and construction conglomerate.Post the promotion, Raman will continue to hold the position of the whole-time Director and CFO of the company as well.The company’s Senior Executive Vice President (EVP), Energy, Subramanian Sarma has been elevated to whole-time Director and President, Energy.
Currently, Sarma’s resposibilities include hydrocarbon, power, and green manufacturing and development businesses.Raman joined the L&T Group in November 1994 to set up L&T Finance Ltd, a wholly owned subsidiary. He later assumed the role of CFO at L&T and was appointed to the board in October 2011.
A graduate in chemical engineering, Sarma completed his Master’s from IIT Mumbai. He has over 40 years of experience, with 30 years being in the Middle East.
Larsen & Toubro is a USD 27 billion Indian multinational enterprise engaged in Engineering, Procurement and Construction (EPC) projects, hi-tech manufacturing and services, operating across multiple geographies.