People: ITC Ltd (ITC.BO)
29 May 2017
Shri. Yogesh Chander Deveshwar is Executive Chairman of the Board of ITC Limited. He He was appointed as a Director on the Board of the Company on April 11, 1984 and became the Chief Executive and Chairman on January 1, 1996. On splitting up of the role of the Executive Chairman between Chairman and Chief Executive Officer (CEO) with effect from February 5, 2017, Deveshwar, as Chairman and Non-Executive Director, assumed the role of Mentor to the CEO and Corporate Management Committee. Deveshwar joined ITC in 1968 and is an alumnus of the Indian Institute of Technology, Delhi and Harvard Business School. Between 1991 and 1994, he led Air India as Chairman and Managing Director. Articulating a Vision to put Country before Corporation and serve larger national priorities, he has led ITC's strategic thrust to create multiple drivers of growth that would make a significant and growing contribution to the Indian economy. He also shaped and implemented a Strategy of Organisation to effectively manage multiple businesses whilst retaining focus on each one of them, in the process deriving unique sources of competitive advantage from ITC's diversity. Deveshwar has also championed the cause for Sustainability world-wide bringing into focus the need to innovate corporate strategies that not only enhance shareholder value but add significantly to the development of natural and social capital. Spearheading a journey of growth that has led the Harvard Business Review to rank him as the 7th Best Performing CEO in the world, his stewardship has guided ITC to become India's foremost FMCG marketer, the country's largest and greenest Paperboards and Packaging business, a globally acknowledged pioneer in farmer empowerment through its wide-reaching Agri Business, the second largest Hotel Chain in India and a trailblazer in 'green hoteliering'. The Company's wholly-owned subsidiary, ITC Infotech India Limited, is also one of India's fast-growing IT companies in the mid-tier segment.
|Total Annual Compensation, INR||137,252,992|
|Restricted Stock Awards, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||--|
|Fiscal Year Total, INR||137,252,992|