ITC chairman YC Deveshwar may announce a younger successor as he promotes executives
Advertisement
Advertisement
Deveshwar announced a string of changes in an internal note on the company's website.
Sanjiv Puri, 52, who is going to be director of the fast-moving consumer goods (FMCG) business including cigarettes from next month, will now also handle paperboard, paper, packaging and printing businesses from January.
This elevation makes him responsible for driving almost 80% of the ITC business.
Meanwhile, the ITC chairman also elevated B Sumant, 52, chief executive of the cigarette business and non-cigarette FMCG trade marketing and distribution, as president of the entire FMCG business.
Advertisement
Hemant Malik, who was earlier chief executive for the tobacco business, is also elevated as chief executive for both cigarette and FMCG distribution.
(Image: Indiatimes)
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market