‘It’s never too early’: L&T Chairman SN Subrahmanyan on why grooming successors early is key for future leadership
Larsen & Toubro (L & T), India’s largest construction company, has been organizing a road map for successful leadership continuity and announced the company president SN Subrahmanyan.
In an interview MoneycontrolHe emphasized the importance of long -term successor planning in a holding of the scale.
EARLY PLAN – The key to future leadership
“It’s never too early, because you have to think that it can always be, the President said that the company’s succession framework is already present.
“Today there is a successor; there is a deputy general manager in place. However, there is also long -term successor planning. The Board and NRC (Candidate and Fee Committee) are kept safely,” he said.
In March, Subramanian Sarma was elected Deputy General Manager of L&T. Since 19 August 2015, he has been working as a director at the L&T Board of Directors.
Focus on smooth transition
Subrahmanyan also stated that the successor in the construction company is not only about to declare a leader. It depends largely on the smooth successor that requires careful preparation.
“In a complex organization, succession planning does not only nominate one. It must be acceptable for everyone,” he said.
Former president Amik Naik reflected on his own journey, the focus of the company is to provide a smooth and efficient transition, he said.
“The idea was a smooth successor like Mr. Naik and I was between me. In 2016-17, he appointed me and moved as non-performers and there was almost no. This should be in this way. And therefore too much thought and mind is not a year of work, not a six-year job,” he said.
Why is planning very important early?
Talking about the size, scale and complexity of L&T’s work, Subrahmanyan underlined the responsibilities that should be encountered after joining the company as successor. “In order to better understand the company, any potential successor needs to manage at least three to four business sectors.”
The authority added that the performance of a successor should be in accordance with the standards of the company in order to gain the respect of the company. They shouldn’t just wait because they are called successors.
“Respect in L & T does not come with you. You are performing and showing your colleagues, hey, you are an artist and a delivery and you have the customer’s respect and you do something extraordinary,” he said. Moneycontrol.
Therefore, it is very important that the next person is known as someone who gets three or four things during his career. Then it makes life easier for him, he added.
