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Sanjiv Puri appointed Chairman of ITC Limited

Sanjiv Puri
Sanjiv Puri
Sanjiv Puri, Managing Director of multi-business conglomerate ITC Ltd, was on Monday appointed also as the Chairman of the company.
 
He has succeeded long-serving ITC Chairman Yogesh Chander Deveshwar, who passed away on May 11 after a brief illness.
 
"The Board of Directors of the Company at the meeting held today appointed Mr. Sanjiv Puri, Managing Director, also as the Chairman of the Company with effect from 13th May, 2019. Consequently, Mr. Puri's new designation is Chairman & Managing Director of the Company," a press release from ITC said on Monday.
 
"It is an honour and privilege to be appointed the Chairman of ITC Ltd. 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. In the journey ahead, I am sure I can count on the support of our shareholders, partners, associates and most of all, the dedicated Team ITC to continue our shared aspiration to build an exemplary enterprise of pride to the nation," Puri, 56, said in a statement.
 
Puri has been the Managing Director of the company since May 16, 2018. He was appointed as a Director on the Board of ITC with effect from December 6, 2015 and Chief Executive Officer from February 5, 2017 taking independent charge of the executive leadership of the company. He is also the Chairman of the Corporate Management Committee.
 
Prior to this, he was the Chief Operating Officer (COO) of ITC since July 22, 2016. Before taking over as the COO, he was responsible for overseeing the FMCG, Paperboards, Paper & Packaging and Agri Businesses of ITC. 
 
Puri is an alumnus of the Indian Institute of Technology (IIT), Kanpur, and Wharton School of Business. He joined ITC in 1986.
 
Prior to his appointment as a Director on the Board of ITC, Puri was President, FMCG Businesses - Cigarettes, Foods, Personal Care, Education & Stationery Products, Matches and Agarbattis, since December 2014. He has handled a wide range of responsibilities including business leadership positions as well as in manufacturing, operations and information & digital technology. Puri became Divisional Chief Executive of the Tobacco Division in 2009, with additional responsibility for the Company's Trade Marketing & Distribution Vertical.
 
He has led ITC Infotech India Limited (I3L), a wholly owned subsidiary of ITC, as its Managing Director from May 2006 to August 2009. Puri served between 2001 and 2006 as the Managing Director of Surya Nepal Private Limited (SNPL), a joint venture subsidiary company of ITC in Nepal.
 
He has also been a Director on the Board of The Tobacco Institute of India and past Member of the Board of Governors of the Media Research Users Council. He has served as the Chairman of FICCI's FMCG Committee, the Agri & Food Processing Task Force of the CII Eastern Region and as a Council Member of the CII Eastern Region. He was also on the Executive Council of The Indian Society of Advertisers.
 
Presently, Puri is the Chairman of SNPL and the Sr. Vice Chairman of I3L and its wholly owned subsidiaries in the UK and USA. He serves on the National Executive Committees of CII and FICCI. He is also a Director on the Board of US-India Strategic Partnership Forum and a Member of the Steering Committee of FICCI.
 
NNN

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