ITC extends chairman Deveshwar's tenure by 2 years, shareholder nod pending

Earlier, at the AGM of 2016, shareholders had approved his appointment for a period of three years with effect from February 5, 2017

Diversified conglomerate ITC has extended the tenure of chairman Yogesh Chander Deveshwar by two years. A resolution in this regard will be placed before the shareholders for approval at the forthcoming annual general meeting (AGM).
 
The AGM notice stated given the increasing size and complexity of the organisation, the Nomination & Compensation Committee and the board were of the view that it would be in the best interest of the company for Deveshwar to continue in his capacity as the chairman for some more time.
 
The board at a meeting on May 16, 2018, sought approval of the