Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that L&T Infotech, a wholly owned subsidiary of the company has restructured its organizational structure, and with a view to accelerating profitable growth in the technology space, has appointed Chandrashekar Kakal as its chief operating officer (COO), who will be inducted on the board of L&T Infotech.
Kakal has over 30 years of experience in the global IT industry. Prior to joining L&T as COO, he worked for 15 years with Infosys Limited and was a member of the executive council and senior vice president & head - global delivery.
Kakal has strong leadership competencies of running large and complex delivery organizations. Earlier he had worked with Ramco Systems, Wipro and Ashok Leyland and L&T.
Shares of the company gained Rs 63.9, or 4.23%, to trade at Rs 1,575.50. The total volume of shares traded was 486,265 at the BSE (2.15 p.m., Monday).