ITC Managing Director Sanjiv Puri has been appointed as the chairman by the Board of Directors. Company chairman Yogesh Chander Deveshwar passed away on May 11. Mr. Puri has been the Managing Director since 2018. He was appointed on the board in December 2015 and as the CEO in February 2017.
The Board of Directors of the Company at the meeting took this decision and appointed Mr. Sanjiv Puri, Managing Director, also as the Chairman of the Company with effect from 13th May, 2019. Consequently, Mr. Puri’s new designation is Chairman & Managing Director of the Company.
Mr Puri said in a statement, “It is an honour and privilege to be appointed the Chairman of ITC Ltd. 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 business segments whilst reinforcing ITC’s commitment to put Nation First always. In the journey ahead, I am sure I can count on the support of our shareholders, partners, associates and most of all, the dedicated Team ITC to continue our shared aspiration to build an exemplary enterprise of pride to the nation.”