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ITC chairman Deveshwar passes away at 72

IANS  |  New Delhi 

ITC passed away on Saturday in a He was 72, and was ITC's longest serving

The cause of his death is not known. He was diagnosed with cancer a few years ago.

He had joined ITC 1968 and became the executive of the company in 1996. As ITC's longest serving chief, Deveshwar had led the company's diversification to an FMCG

Under his leadership, ITC was also successful in warding a takeover threat from its largest shareholder BAT.

He stepped down from the executive role in 2017 but continued to hold a non-executive role.

In 2011, Deveshwar was conferred with the Padma Bhushan, award.

Sanjiv Puri, ITC MD, extending his condolences said: "We deeply mourn the passing away of Y.C. Deveshwar, ITC. In this hour of profound grief and sorrow, we recall with respect and pride the legendary stewardship he provided to ITC over two decades as its Chairman."

"In this hour of immense sadness, our hearts go out to his family, wife Mrs Bharti Deveshwar, children and and to their families to whom we offer our sincerest condolences," Puri said.

--IANS

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

First Published: Sat, May 11 2019. 13:02 IST
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