Subramanian Sarma becomes CEO & MD of L&T Hydrocarbon

Mr. Subramanian Sarma has taken over as CEO & Managing Director of L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T). He will be driving the L&T Group’s strategy of expanding its hydrocarbon business across geographies, particularly the Middle East. He has already been appointed to the Board of L&T as a Non-Executive Director.

Mr. Sarma will play a key role in adding thrust to L&T’s aspirations to grow the business in domestic and international markets. He will be based in the Middle East to enable close monitoring of key on-going projects and drive new business development.

“Mr. Sarma brings with him global experience and competence to drive our hydrocarbon business in India and abroad. With his international experience, he will be at the forefront of leading L&T Hydrocarbon in becoming one of the best in class global companies offering comprehensive EPC solutions across the spectrum – upstream, mid & downstream and pipelines,” said Mr. A.M. Naik, Group Executive Chairman, L&T.

“I have always believed that L&T Hydrocarbon is one of the most respected names in the industry and it will be my endeavor to enlarge its global footprint which will not only strengthen the brand but also make India proud. We will harness the talent and capabilities embedded in our system to ensure an exciting and rewarding future,” said Mr. Sarma.

Prior to joining LTHE, Mr. Sarma served as Managing Director of Petrofac - Onshore Engineering & Construction - and was responsible for the company’s onshore EPC projects worldwide. He has over 30 years of experience in the oil & gas industry, with the last 25 years being in the Middle East. Having joined Petrofac in 1997, he has handled the complete value chain including business development, process engineering, project management and execution. He is a post graduate in Chemical Engineering from IIT, Bombay.

Background:
L&T Hydrocarbon Engineering is a wholly-owned subsidiary of Larsen & Toubro. It delivers comprehensive engineering and construction solutions across the spectrum – upstream, mid & downstream and pipelines. With a network of international offices and facilities, it caters to clients in the Middle East and North Africa, India, South East Asia, Australia, CIS and the North Sea. L&T Hydrocarbon draws on over three decades of experience and expertise of the parent company in the hydrocarbon engineering and construction segment.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 15 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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Accenture appoints Rekha M. Menon Chairman of India

 Accenture appoints Rekha M. Menon Chairman of India and Anindya Basu Country Managing Director of India

BANGALORE; August 7, 2015 – Accenture (NYSE: ACN) has announced that Rekha M. Menon will be chairman of Accenture in India and Anindya Basu will be country managing director in India. These appointments are effective August 21, 2015.

As chairman, Ms. Menon will play an active role in growing Accenture’s business and further strengthening the company’s presence in communities across India. She will continue to be deeply engaged in the company’s Inclusion & Diversity and Corporate Citizenship initiatives and will also be responsible for institutional relationships with public authorities and industry associations.

Ms. Menon is currently managing director, Human Resources, for Accenture’s growth markets and has been leading the development and execution of the company’s human capital strategy for Asia Pacific, Middle East, Africa, Russia, Turkey and Latin America. Previously she was managing director, Geographic Operations for India, ASEAN and the Asia Pacific Delivery Centers, where she supported the growth and development of Accenture’s Global Delivery Network. She has over 24 years of industry experience, and she has been consistently named as one of the most powerful women in business in India.

“Rekha has made impressive contributions to our people and our communities,” said Gianfranco Casati, Accenture’s group chief executive, growth markets. “Her experience will be extremely valuable as we continue to build our brand and enhance our reputation as a leader in India.”

In his new role, Mr. Basu will be responsible for driving Accenture’s domestic business in India and building relationships with key clients by leveraging the company’s capabilities in strategy, consulting, digital, technology and operations.

Mr. Basu will continue his role working with Accenture’s Products clients in India, as well as serving as the APAC regional lead of the company’s Automotive, Industrial, Infrastructure and Travel & Transportation Industry practice. During his 23 years with Accenture, he has held leadership roles spanning multiple industries, including Automotive, Industrial Equipment, Travel and Transportation, Consumer Goods and Chemicals.

“Anindya has a strong knowledge of our business and has demonstrated a tremendous commitment to our clients and our people,” said Mr. Casati. “With his experience, insights and vision for our business in India, he is well equipped to make a difference in this important market.”

“I also want to recognize and thank Avinash Vashistha, who has been the chairman and country managing director of Accenture in India since 2011, for the contributions he has made to Accenture,” said Mr. Casati. “We wish him well as he leaves Accenture to pursue entrepreneurial and corporate leadership opportunities in technology.”

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