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Sanjiv Puri appointed ITC's new Chairman

IANS  |  Kolkata 

FMCG on Monday said its has appointed company Managing Puri as its with immediate effect following the demise of Y. C. Deveshwar, who was the and Non-of the diversified conglomerate.

"...the of the company at the meeting held today (Monday) appointed Puri, Managing Director, also as the of the company with effect from May 13, 2019. Consequently, Puri's new designation is Chairman & Managing of the company," ITC said in a regulatory filing.

Puri has been a director on the board of the company since 2015 and was appointed the Officer in February 2017, assuming independent charge of the leadership of the conglomerate.

"It is an honour and privilege to be appointed the Chairman of the company. It is a responsibility that I accept with humility and with a deep resolve to build on the outstanding legacy nurtured over the years, further strengthen and build market leadership across all segments whilst reinforcing ITC's commitment to put Nation First always," Puri said in a statement.

He is an alumnus of the Indian Institute of Technology, Kanpur, and of Business, and has also served as the (COO) of the Kolkata-headquartered company since July 2016.

Before taking over as the COO, he was responsible for overseeing its FMCG, paperboards, paper and packaging, as well as agri businesses in his career at the company spanning over 32 years.

Puri became in 2009, with additional responsibility for the company's Trade Marketing and Distribution vertical.

He had led ITC Infotech India Ltd, a wholly owned subsidiary of the company as its from May 2006 to August 2009.

Deveshwar, who was the company's longest serving corporate head, died on Saturday. He was 72.

He was first appointed an in April, 1984 and became Chairman in 1996. In February, 2017, Deveshwar was appointed as Chairman in a non-executive capacity.



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

First Published: Mon, May 13 2019. 17:28 IST