ITC chairman dies at 72

New Delhi, May 11

Noted industry leader and ITC chairman YC Deveshwar, who transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors, passed away on Saturday morning after a brief illness.

Deveshwar (72), who stepped down from executive role as chairman and CEO in 2017 but remained a non-executive chairman, breathed his last at a private hospital in Gurugram.

He leaves behind his wife, a son and a daughter.

Deveshwar joined ITC in 1968 and was appointed as a director on ITC’s board on April 11, 1984. He rose to become its chief executive and chairman on January 1, 1996. — PTI

from The Tribune http://bit.ly/305G0QK
via Today’s News Headlines