Sanjiv Puri has been appointed as the chairman and managing director of the Rs 48,269-crore cigarette-to-hotels and foods conglomerate two days after the demise of its longest-serving chairman Yogesh Chander Deveshwar. Puri, 56, will be the first in the Calcutta-based diversified group to hold the title of chairman and managing director. An alumnus of IIT, Kanpur and Wharton School of Business, Puri was made the managing director of the company in May 2018. With Monday’s board decision, ITC will once again have an executive chairman — as it did in the past. Puri was the managing director of Surya Nepal Private Ltd, a joint venture, between 2001 and 2006, and ITC Infotech India Ltd from 2006 to 2009.

Source: The Telegraph May 13, 2019 19:30 UTC