NEW DELHI: The board of directors of ITC Ltd, at a gathering on Monday, appointed Sanjiv Puri -- managing director of the FMCG gaint -- as the chairman of the corporate after the spot got vacated following the death of Y C Deveshwar, it is longest-serving chairman.
Deveshwar passed away on May 11 at the age of 72. He used to be appointed as a director on the board of the corporate on April 11, 1984 and became the executive government and chairman of the board on January 1, 1996, in keeping with the ITC web page.
He stepped down as chief government of ITC in 2017 and used to be serving as non-executive chairman. In June 2018, the corporate determined to extend his tenure through some other two years from 2020 to 2022 so that he may continue to mentor the senior control.
In 2017, ITC had break up the role of the chief chairman between chairman and chief government officer as a part of succession making plans in the company. Deveshwar had performed the role of mentor to the chief control led through Puri.
Meanwhile, the corporate reported a profit of Rs three,482 crore in the fourth quarter, up 18.71 in line with cent from Rs 2,933 crore posted in the same length closing 12 months.
ITC's year-on-year (yoy) income from operations jumped 12.88 in line with cent to Rs 12,206 crore.
The board of the corporate also really helpful a dividend of Rs 5.75 in line with percentage for the fiscal ended March 31, 2019.
Shares of ITC closed three.09 in line with cent down at Rs 288.50 on the BSE index.
(With agency inputs)
Deveshwar passed away on May 11 at the age of 72. He used to be appointed as a director on the board of the corporate on April 11, 1984 and became the executive government and chairman of the board on January 1, 1996, in keeping with the ITC web page.
He stepped down as chief government of ITC in 2017 and used to be serving as non-executive chairman. In June 2018, the corporate determined to extend his tenure through some other two years from 2020 to 2022 so that he may continue to mentor the senior control.
In 2017, ITC had break up the role of the chief chairman between chairman and chief government officer as a part of succession making plans in the company. Deveshwar had performed the role of mentor to the chief control led through Puri.
Meanwhile, the corporate reported a profit of Rs three,482 crore in the fourth quarter, up 18.71 in line with cent from Rs 2,933 crore posted in the same length closing 12 months.
ITC's year-on-year (yoy) income from operations jumped 12.88 in line with cent to Rs 12,206 crore.
The board of the corporate also really helpful a dividend of Rs 5.75 in line with percentage for the fiscal ended March 31, 2019.
Shares of ITC closed three.09 in line with cent down at Rs 288.50 on the BSE index.
(With agency inputs)
ITC appoints Sanjiv Puri as chairman; Q4 profit up 19%
![ITC appoints Sanjiv Puri as chairman; Q4 profit up 19%]()
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May 13, 2019
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