Noted industry leader, ITC Chairman Y C Deveshwar 72 passed away at Gurugram

Noted industry leader and ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness, according to company sources.

Deveshwar (72), who stepped down from the executive role in 2017 but remained as a chairman in a non-executive capacity, passed away this morning at a private hospital in Gurugram.

Deveshwar joined ITC Limited in 1968 and was appointed as a director on the board of the company in 1984. Deveshwar was India's longest-serving CEO at the time of his death.

Star of the corporate world #YCDeveshwar who strived to develop #ITC as a great Indian brand, went for his heavenly aboard after a long battle with cancer. His contribution to make a tobacco co to major food co would be fondly remembered. Heartfelt condolences to ITC family. 🙏🙏

— ASHWANI MAHAJAN (@ashwani_mahajan) May 11, 2019

 

(With inputs from agencies.)