New Delhi, May 13
Diversified ITC Group today announced elevation of MD Sanjiv Puri as the chairman and managing director (CMD) of the firm, two days after its long-serving chairman YC Deveshwar passed away.
Puri (56), who had taken over as managing director from May 16, 2018, was appointed as a director on the Board of ITC on December 6, 2015.
He became CEO on February 5, 2017 after the company split the role of the executive chairman between chairman and chief executive officer (CEO) as part of succession planning in the company.
“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 May 13, 2019. Consequently, Puri’s new designation is chairman and managing director of the company,” ITC said.
His elevation comes after Deveshwar (72), who remained as non-executive chairman, passed away on Saturday. — PTI
from The Tribune http://bit.ly/2Yzhs19
via Today’s News Headlines
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