People: ITC Ltd (ITC.BO)
Mr. Pradeep Vasant Dhobale is Executive Director of ITC Ltd since January 3, 2011. He holds responsibility for Paperboards & Specialty Papers and Packaging businesses of ITC and also represents the Finance and IT functions on the Board. A Chemical Engineer from the Indian Institute of Technology, Mumbai, he joined erstwhile ITC Bhadrachalam Paperboards Limited (ITC Bhadrachalam) as a Management Trainee in 1977 and became its Managing Director in 2000. Following the amalgamation of ITC Bhadrachalam with ITC in March 2002, and subsequent integration of Bhadrachalam Paperboards Division with Tribeni Tissues Division, Dhobale took charge of the Paperboards & Specialty Papers Business as its Divisional Chief Executive. Dhobale is credited with the turnaround of ITC Bhadrachalam in 2001, and exponential growth thereafter. He spearheaded the growth involving capital infusion of over US$ 500 million through brownfield organic growth as well as acquisitions. Under his leadership, ITC’s Bhadrachalam Mill has emerged as the single-location paper mill in the country producing more than half a million tonnes of papers & boards. Under his stewardship, and in line with ITC’s sustainability strategy, over 142,000 hectares of plantations were developed, the pioneering ECF and Ozone Bleaching Technology were introduced, ITC became a member of the Global Forest and Trade Network and implemented a number of ‘Clean Development Mechanism’ Projects.
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