L&T working on succession plan

by khalid on 28/06/2010 · 0 comments

Larsen & Toubro (L&T) is a technology-driven USD 8.5 billion construction company that infuses engineering with imagination. Six out of its eight executive directors on the board are retiring within three years, including chairman & managing director AM Naik, who is retiring in Sep 2010. Global consultant McKinsey & Company is working on a succession plan for the company. The interim team is seen as necessary as investors have been worried that the exit of key executives in a span of three years would create a leadership vacuum in the company.
Have a look here what Mr. Naik saying :-

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