Larsen & Toubro has announced the elevation of Shri R. Shankar Raman, previously serving as Senior Executive Vice President, Whole-time Director, and CFO, to the position of President, Whole-time Director & CFO, effective immediately.
More Details:
Shri Shankar Raman joined L&T Group in November 1994 to set up L&T Finance Limited, a wholly owned Subsidiary. He later assumed the role of CFO at L&T and was appointed to the Board in October 2011. As CFO of L&T, he plays a pivotal role in shaping the company’s financial strategy, driving growth initiatives, and ensuring financial sustainability in a dynamic business environment. He is widely respected in the industry for his professionalism, integrity, and dedication to excellence.
His Experience:
- With a background in finance and accounting, he has a deep understanding of the intricacies of corporate finance, mergers and acquisitions, capital management, and risk assessment.
- He is known for his strategic vision and ability to navigate complex financial landscapes, contributing significantly to L&T’s growth and success.
- He is a qualified Chartered Accountant and a Cost Accountant. Over the past 40 years, he has worked for leading listed corporations in varied capacities in the field of finance.
CMD Stated:
On this occasion, Shri S. N. Subrahmanyan, Chairman & Managing Director L&T said, “I would like to express my sincere appreciation towards Shri 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.
Shri Shankar Raman Stated:
Shri Raman said “I am deeply honoured to accept the appointment as President. I would like to express my sincere gratitude to the 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.”
Source: L&T – Press Release | Image Credit : Larsen & Toubro
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