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
- ↑ "Y.C. Deveshwar thinks ITC could be a model for running India's PSUs - Business Today". intoday.in. Retrieved 14 June 2015.
- ↑ 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
- ↑ "ITC Leadership - Board of Directors". itcportal.com. Retrieved 14 June 2015.
- ↑ Ishita Ayan Dutt (February 2, 2011). "BS People: Kurush Grant". Business Standard. Retrieved June 6, 2015.
- ↑ Ishita Ayan Dutt (February 2, 2011). "BS People: Pradeep Dhobale". Business Standard. Retrieved June 6, 2015.
- ↑ Ishita Ayan Dutt (February 2, 2011). "BS People: Nakul Anand". Business Standard. Retrieved June 6, 2015.
- ↑ Kalbag, Chaitanya (February 5, 2012). "From centre-half to referee". Business Today. Retrieved June 13, 2015.
- ↑ Indrajit Gupta & T. Surendar (June 30, 2010). "Remaking Indian Tobacco Co.". Forbes. Retrieved June 13, 2015.
- 1 2 "ITC chief Y C Deveshwar to pave way for successor by February 2017". The Economic Times. The Times Group. June 14, 2011. Retrieved June 13, 2015.
- ↑ Hansen, Morten T.; Herminia Ibarra; Urs Peyer (2013-01-30). "The Best-Performing CEOs in the World". Harvard Business Review. Harvard Business Publishing. ISSN 0017-8012. OCLC 1751795. Retrieved 6 June 2015.
- ↑ "Meet YC Deveshwar: The 7th Best Performing CEO in the World". Yahoo Finance India. Yahoo. 22 January 2015. Retrieved 6 June 2015.