Sanjiv Puri appointed Chairman of ITC Limited
Kolkata, May 13 (IBNS): Sanjiv Puri, Managing Director of ITC, has also been appointed as the Chairman of the Company with effect from today as he stepped into the shoes of YC Deveshwar (YCD) who passed away last Saturday.
The Board of Directors of the Company at the meeting held today appointed 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.
Late chairman YCD, as he was popularly called, headed the diversification of the conglomerate to an FMCG company from a tobacco major.
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.”
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