Non-Executive chairman A M Naik will step down after the company’s 28th annual general meeting. S N Subrahmanyan, currently serving as the non-executive vice-chairman, is set to succeed him.
A M Naik, the non-executive chairman of L&T, earned ₹194 million ($2.7 million) last year after encashing all his accumulated leaves. His total payout, which included a base salary of ₹27.3 ...
as A M Naik decided to step down from the post. The announcement was made at the board of directors' 28th AGM, said the Larsen & Toubro Group's company. Subrahmanyan (popularly known as SNS ...
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