 "Y C Deveshwar’s son, Gaurav, performs the last rites of his father. ITC’s longest-serving corporate chief breathed his last on Saturday morning. He was 72 and is survived by his wife and two children (Photo:Sanjay K Sharma)")
The board of tobacco-to-hotels major, ITC, will meet for the first time since the demise of its chairman and non-executive director, Y C Deveshwar, on Monday. The agenda before the board, circulated much ahead of Deveshwar’s demise on Saturday, was to approve the audited financial results for the quarter and financial year and recommendation of dividend. However, it was most likely that the issue of succession would come up for discussion at the meeting.
ITC had split the role of executive chairman between chairman and chief executive officer in 2017. Deveshwar had slipped into a non-executive role from executive chairman and
