ITC Group names Sanjiv Puri as new leader after Deveshwar's death

ITC Group announced on Monday managing director Sanjiv Puri will be the company's new chairman and managing director.

Puri, 56, was promoted after the death of Y C Deveshwar, ITC's legendary leader, on Saturday. 

"It is a responsibility that I accept with humility and with a deep resolve to build on the outstanding legacy nurtured over the years, further strengthen and build market leadership across all business segments whilst reinforcing ITC's commitment to put Nation First always," said Puri according to news agency PTI.

Puri, an alumnus of IIT-Kanpur and Wharton School of Business, has spent his career with