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 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.