Skip to main content

ITC chairman Y C Deveshwar step down in 2017,continue as non-executive chairman for following 3 years.

KOLKATA: return February, 2017 and ITC chairman Y.C. Deveshwar (69) can step except for his govt role within the company once a two-decade long stint, to “put in situ a young  leadership at the helm”.


He will, however, continue because the non-executive chairman for following 3 years. The name of following chief operating officer are proclaimed in due course, high company officers same.




When Mr Deveshwar had haunted the reins in mid-1990s, ITC had been confronted with formidable challenges with diversification efforts either failing or were languishing. the corporate at that point was additionally fighting a troublesome legal and otherwise battle with its erstwhile shareholders BAT.


Mr Deveshwar assumed workplace as govt chairman in Jan, 1996. He had joined the corporate in 1968. in a very notice to the shareholders, ITC same that Deveshwar, WHO can complete his gift term on February four, 2017, has expressed “his need to shed the chief role” and “put in situ a young  leadership.”

It will ask for shareholders’ nod at the future AGM on Gregorian calendar month twenty two to appo-int him as a non-executive director and chairman for 3 years.

Comments

Popular posts from this blog

Ramoji Rao Biography,Ramoji Group of Business,Om Spiritual City

The Latest Trend In How To Start A Marble Retail Business In India

Credit Card Machine Laws

Credit-card scanners handle info that, within the wrong hands, causes you to susceptible to fraud or credit fraud. The 2003 federal honest and correct Credit dealings Act set rules for the way scanners treat your range to raised shield you. additionally to the law, merchants even have to follow pointers from the Payment Card trade Security Standards Council, a gaggle organized by the most important credit-card firms to boost security.