ITC Managing Director Sanjiv Puri has been appointed as the chairman by the Board of Directors. His new designation will now be chairman and managing director. He has been the Managing Director since 2018.
He was appointed on the board in December 2015 and as the CEO in February 2017. He is an alumnus of IIT Kanpur and the Wharton School of Business. He joined the ITC in 1986.
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal.
Established in 1910 as the ‘Imperial Tobacco Company of India Limited’, the company was renamed as the ‘India Tobacco Company Limited’ in 1970 and later to ‘I.T.C. Limited’ in 1974. The dots in the name were removed in September 2001 for the company to be renamed as ‘ITC Limited’ where ‘ITC’ would no longer be an acronym.