Yogesh Chander Deveshwar
Yogesh Chander Deveshwar | |
---|---|
Residence | Kolkata, India |
Nationality | Indian |
Alma mater | IIT Delhi |
Occupation | Chairman of ITC Limited |
Yogesh Chander Deveshwar is an Indian businessman and mechanical engineer. He serves as the Chairman of ITC Limited.
Career
Yogesh Chander Deveshwar was born on 4 February 1947 in Lahore, British India.[1] He received his Bachelor of Technology Degree in Mechanical Engineering from the Indian Institute of Technology, Delhi in 1968. Y C Deveshwar joined ITC Limited in 1968. He was appointed as a director on the board of the company in 1984 and became the Chief Executive and Chairman of the Board in 1996.[2]
Deveshwar was due to step down as head of ITC in 2010.[3] There has been some speculation in the media about Deveshwar's successor. In March 2010, Kurush N Grant was appointed to the ITC Board. In January 2011, two new Executive Directors, Nakul Anand and P V Dhobale were inducted to the Board. Elevated from their earlier responsibilities as Chief Executives of ITC's core business divisions of FMCG, Hotels and Paper, they are homegrown managers[4] and signal the next generation of leadership in the organization.[5][6][7]
Deveshwar is India's longest-serving CEO[8] and he earns nearly triple the second-highest salary in his company;[9] in 2011, it was said his salary was 26 lakh (2.6 million) rupees per month.[10] In 2013, he was listed as the Best Performing CEO in India by Harvard Business Review and seventh in the world.[11][12] In 2011, Deveshwar received the Padma Bhushan, India's third-highest civilian award.[10]
References
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- ↑ Gupta, Indrajit & Surendar, T (2010) "Remaking Indian Tobacco Co.", Forbes.com, 30 June 2010, retrieved 2011-07-31
- ↑ Ghosal, Sutanuka (2011) "Inhouse talent preferred for ITC heir: Yogi Deveshwar", The Economic Times, 16 June 2011, retrieved 2011-07-31
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