ITC chairman YC Deveshwar passes away at 72

The Hush Post|12:20 pm |one-minute-read|

ITC Chairman and eminent industry leader YC Deveshwar passed away on Saturday morning. He passed away following a brief illness, according to company sources.

72-year-old Deveshwar, who stepped down from executive role in 2017 but remained as a chairman in non-executive capacity, died this morning at a private hospital in Gurugram.

Mourning his passing away, Sanjiv Puri, Managing Director, ITC, in a statement said: “Mr. Deveshwar passionately championed the cause for sustainable and inclusive growth and the transformative role businesses could play in creating larger societal value.”

He won many accolades during his two-decade long stewardship of the company, which is now a conglomerate whose activities have spilled over from cigarette to other FMCG products, hotels, paper and other related businesses.

He has served as a director in the central board of the Reserve Bank of India and the Air India. He was conferred with the Padma Bhushan in 2011.

 

 

 

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