HR Movements: 03 July, 2017

1.

SN Subrahmanyan appointed as L&T CEO and MD

S.N. Subrahmanyan, current Deputy Managing Director and President, will take over as the new CEO and MD of L&T from tomorrow. 

S.N. Subrahmmanyan will take over as the new CEO & MD of Larsen & Toubro (L&T) beginning tomorrow, says a news report . This development also marks the end of tenure for A.M. Naik, who has been at the helm for 17 years. 

Currently serving as the Deputy Managing Director and President of the company, Subrahmanyan had joined L&T in 1984 as a project planning engineer. He was inducted in the L&T board in 2011. His appointment as the new leader was approved by the company board on in April this year. However, the news of the impending change was made public last year, and then Subrahmanyan was expected to take charge from October 1, 2017. 

Naik will continue to provide guidance and mentorship beyond his current term and will take up the role of non-executive chairman for a period of three years from October 1, right after his retirement as executive chairman on September 30.

2.

Rajesh Laddha appointed as MD and CEO of Shriram Capital Ltd

Shriram Capital Ltd. has appointed Rajesh Laddha as its new Managing Director and Chief Executive Officer.

Piramal Enterprises Ltd. who has 20% equity stake in Shriram Capital Ltd. announced that its Chief Financial Officer (CFO), Rajesh Laddha has been appointed as MD and CEO of Shriram Capital Ltd. Laddha will take over his new position from 1st July 2017.

On Laddha’s appointment, R. Thyagarajan, founder of Shriram group was quoted in media saying “This appointment marks a new era in our growth as well as deepens our partnership with our long-term investors, including the Piramal Group.” 

Ajay Piramal, Chairman of Piramal group also stated in media that Laddha handled some of their most significant strategic forays, acquisitions, and negotiations in businesses.

Rajesh joined the Piramal Group in 2001 and has played a critical role in executing smooth acquisitions, mergers, sale & transitions in the Company. 

3.

Centum Learning appoints Sanjay Bahl as Managing Director & CEO

Before joining Centum, Sanjay was the President and Director of NIITs Skills Initiative JV and the National Channel Head of their Skills and Career group.

Centum Learning has appointed Sanjay Bahl as the company Managing Director & CEO. In this role, Sanjay will be responsible for driving Centum Learning’s strategy to ensure that their goal of being the most admired Learning and Skill Development Partner is attained, thus enabling sustainable transformation.

Sanjay said, “I strongly believe that the success of a nation depends on the success of its youth and Centum Learning will continue to play a pivotal role through extensive collaboration with all the key stakeholders, including industry organizations, corporates, NSDC, government departments, technology partners and the community at large.”

Working towards the goal of retaining Centum’s leadership position in this field, Sanjay will be driving a scalable business strategy leveraging the strengths of the company, on one hand, and the evolving skilling ecosystem on the other.

Sanjay has over 30 years of rich experience in different sectors, with extensive involvement in education and 
skilling space.