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ITC Managing Director Sanjiv Puri named Chairman


Puri, Managing of diversified conglomerate ITC Ltd, was on Monday appointed the company's new in the place of veteran Yogi Deveshwar, who died on Saturday.

The appointment of Puri, till now the Managing Director, was made by ITC at a meeting of its Board of Directors, which conveyed this in a regulatory filing.

72-year-old Deveshwar, one of India's longest-serving top executives and of ITC, died on Saturday morning after a brief illness.

was mentored by Deveshwar for the dual role of Chairman-cum-Managing for a transition originally scheduled for 2021-22. He was holding the charge of Managing from May 16 last year.

was appointed as a Director on the board of ITC on December 6, 2015 and Officer from February 5, 2017. He is also the of the

Prior to this, he was the of ITC since July 22, 2016. He was earlier responsible for overseeing the fast moving consumer goods (FMCG), paperboards, paper and packaging, and businesses.

is an alumnus of the (IIT) Kanpur, and of He had joined ITC in 1986.

Puri has served as the Chairman of FICCI's FMCG Committee, the and Food Processing Task Force of the and as a of the He was also on the council of The

Deveshwar had stepped down from role in 2017 but remained as a chairman in non-executive capacity.

In 2017, ITC had split the role of the between as part of succession planning in the company.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 16:25 IST