YC Deveshwar, ITC's longest-serving chairman, passes away

YC Deveshwar was one one of India's longest-serving corporate chiefs with over two decades at the helm as the executive chairman and chief executive officer at ITC Ltd till February 4, 2017

YC Deveshwar, ITC’s longest serving corporate chief, passed away at a private hospital in Gurugram Saturday morning after a brief illness, according to company sources. Deveshwar (72), who stepped down from executive role in 2017 but remained as a chairman in non-executive capacity, spearheaded the diversification of ITC to an FMCG company.

Sanjiv Puri, the current CEO and MD of the company, extended his condolences.

"We deeply mourn the passing away of Y C Deveshwar. In this hour of profound grief and sorrow, we recall with respect and pride the legendary stewardship he provided to ITC over two decades as