ITC Chairman YC Deveshwar Passes Away at the Age of 72

ITC Chairman YC Deveshwar passed away at the age of 72 on Saturday, 11 May, after battling a prolonged illness, reported The Indian Express.

Deveshwar is of India's longest serving corporate chiefs with over two decades at the helm as the executive chairman and CEO at ITC, according to CNBC-TV18.

He received the country’s highest civilian award, the Padma Bhushan in 2011 and was ranked as the 7th Best Performing CEO in the world by the Harvard Business Review.

Deveshwar joined ITC in 1968 and is an alumnus of the Indian Institute of Technology, Delhi, and Harvard Business School. Between 1991 and 1994, he led Air India as Chairman and Managing Director,

Deveshwar has served as a Director on the Central Board of the Reserve Bank of India and as a Member of the National Foundation for Corporate Governance as well.

(With inputs from The Indian Express and CNBC-TV18.)

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