YC Deveshwar to step down as ITC’s Exec Chairman, CEO

YC Deveshwar is all set to step down as the Executive Chairman & CEO of ITC in February 2017. He completes his term on Februrary 4, 2017. However, he will continue to function as a Non-Executive Director and Chairman of the company. Deveshwar is the longest serving Executive Chairman of ITC till date. The news has reportedly come in the form of the notice to the shareholders of the company, ahead of the AGM on July 22. Deveshwar joined ITC in 1968 and became the Executive Chairman in January 1996