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.





Please enter your comment!
Please enter your name here