ITC Ltd on Monday named Sanjiv Puri, a wholetime director of the company, as chief operating officer (COO) with immediate effect. “The Board of Directors at the meeting held on July 22, 2016, redesignated Sanjiv Puri, wholetime director, also as chief operating officer of the company with immediate effect,” the Kolkata-based company said in a notice to the stock exchanges on Monday. After Puri took charge, ITC entered into the juice segment with the acquisition of the BNatural brand. Puri, a graduate of the Indian Institute of Technology, Kanpur, joined ITC in 1986, and has worked with the company in several roles. Addressing shareholders at the annual general meeting last week, Deveshwar set a revenue target of R1 lakh crore by 2030 from the FMCG segment.

Source: Hindustan Times July 25, 2016 13:30 UTC