New Delhi: Yogesh Chander Deveshwar, the longest-serving Chairman of the ITC Group, who transformed cigarette business into one of India’s leading FMCG players, died this morning after a brief illness at a private hospital in Gurugram. He was 72. He is survived by his wife and son.
Deveshwar, who stepped down from an executive role in 2017, remained as a Chairman in a non-executive capacity. In 2016, ITC’s board had “strongly urged” Deveshwar to continue as CEO, but he wanted the company to have a younger leader, a report said.
