L&T board approves A M Naik’s reappointment as non-exec chairman for 3 yrs

Engineering and construction giant Larsen & Toubro on Saturday said its board has given nod for reappointment of A M Naik as non-executive chairman of the company for a period of three years from October 1, 2020.

Naik’s present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE.

The board also gave approval for extending the tenure of whole-time Director Dip Kishore Sen.

“The Board of Directors at its meeting held on June 5, 2020, based on the recommendation of the Nomination and Remuneration Committee and subject to necessary approvals of the shareholders of the Company, has approved the … proposals for re-appointment of Directors, whose present tenures are ending on September 30, 2020,” L&T said.