New Delhi: ITC Ltd’s board has beneficial the re-appointment of Sanjiv Puri as the corporate’s chairman & managing director for a interval of 5 years, efficient 22 July, 2024.
“The Board, on the advice of the committee, has additionally beneficial for the approval of the members, re-appointment of Mr. Puri as a Director, not liable to retire by rotation, and because the Managing Director and Chairman of your Firm for a interval of 5 years with impact from twenty second July, 2024,” the corporate stated in its annual report launched Tuesday.
Puri, 60, was appointed as chief government officer in February 2017 and re-designated because the managing director in Might 2018. He was appointed because the chairman of the tobacco-to-hotels conglomerate efficient Might 13, 2019.
Puri joined ITC in January 1986. With a profession spanning over three a long time at ITC and its subsidiaries, he has held a number of enterprise management positions and likewise dealt with a variety of obligations in manufacturing, operations and data & digital know-how.
Puri served because the chief working officer of ITC between July 2016 and January 2017, and previous to that as president of FMCG companies since December 2014. Earlier, he was the divisional chief government of the tobacco division since December 2009, with extra accountability for the corporate’s commerce advertising and marketing and distribution vertical from August 2012.
He led ITC Infotech India Restricted, a completely owned subsidiary of ITC, as its Managing Director from Might 2006 to August 2009. Puri served between October 2001 and April 2006 because the Managing Director of Surya Nepal Non-public Restricted, a three way partnership subsidiary firm of ITC in Nepal.
As CMD, Puri additionally helmed the ‘ITC Subsequent’ technique that focusses on innovation throughout each node of enterprise, digital acceleration, price optimization, buyer centricity, investing in new vectors of progress and making certain provide chain agility.
Puri is an alumnus of the Indian Institute of Expertise, Kanpur, and the Wharton Faculty of Enterprise, USA. In FY23, Puri’s compensation stood at ₹16.31 crore. ITC’s shares have been up 1.65% on the BSE on Tuesday.
Obtain The Mint Information App to get Day by day Market Updates & Reside Enterprise Information.
Extra
Much less
Up to date: 11 Jul 2023, 04:18 PM IST
Supply: Live Mint