Larsen & Toubro (L&T) said that it has re-appointed AM Naik as Non-Executive Chairman for a three-year period with effect from October 1, 2020 and upto September 30, 2023. His current term was set to end on September 30, 2020. Naik was appointed Group Executive Chairman of L&T in 2012 but he stepped down from executive responsibilities in 2017.