With an aim to bolster its financial leadership, Larsen & Toubro (L&T) has announced the elevation of R Shankar Raman as President, Whole-time Director & CFO.
R Shankar Raman, who has served as Senior EVP, Whole-time Director & CFO, brings a wealth of experience and expertise to his new role. Joining the L&T Group in November 1994, he spearheaded the establishment of L&T Finance Ltd, a wholly-owned subsidiary, before ascending to the pivotal position of CFO in October 2011. His tenure has been marked by a steadfast commitment to financial strategy, growth initiatives, and maintaining financial sustainability amidst a dynamic business landscape.
A stalwart in the finance and accounting domain, Raman’s elevation underscores his profound understanding of corporate finance intricacies, mergers and acquisitions, capital management, and risk assessment. His strategic acumen and adeptness in navigating complex financial terrains have significantly contributed to L&T’s growth trajectory and overall success.
Expressing his sentiments on this significant development, S N Subrahmanyan, Chairman & Managing Director, L&T, remarked, “I would like to express my sincere appreciation towards R Shankar Raman for his leadership skills and for implementing best financial practices and governance standards within L&T. His strategic initiatives have helped L&T strengthen its financial position, optimise resources, and enhance shareholder value.”
In response to his appointment, R Shankar Raman expressed deep gratitude, stating, “I am deeply honoured to accept the appointment as President. I would like to express my sincere gratitude to L&T Board & our CMD for having placed their trust in me to lead in this capacity and work together towards our shared goals and aspirations.”
With a tenure spanning over 40 years and a track record of excellence across leading listed corporate, R Shankar Raman’s elevation signifies L&T’s commitment to fostering top-tier leadership and reinforcing its position as a global powerhouse in engineering, construction, and financial services.