The board of ITC Ltd on Thursday promoted its president of FMCG business, Sumant Bhargavan as an additional director and wholetime director, subject to approval from the shareholders.
Bhargavan will continue to hold office till the company’s next annual general meeting (AGM).
Sumant, 54, an alumnus of NIT Durgapur, joined ITC in January 1986 and spent first 19 years in manufacturing operations of ITC’s tobacco division and worked in four production units as well as at the head office in the capacity of the general manager of operations. In October 2004, he moved to the foods business and established the