The Ministry of Human Resource Development has nominated AM Naik, Chairman and Managing Director of engineering major Larsen & Toubro as chairman of the Society and the Board of Governors of the Indian Institute of Management (Ahmedabad) for a period of three years.
Naik will take over from Dr Vijaypat Singhania whose term ends on March 28, 2012.
Naik joined L&T in 1965 as a junior engineer. After being promoted as a general manager in 1986. he rose to became the chief executive officer and managing director of the company in 1990. He was subsequently appointed as a chairman in 2003.
In 2009, Naik was awarded the Padma Bhushan, India's third highest civilian award.
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