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| He was a director on the central board of the ], a member of the National Foundation for Corporate Governance, and a member of the governing body of the National Council of Applied Economic Research.{{Citation needed|date=May 2019}} | He was a director on the central board of the ], a member of the National Foundation for Corporate Governance, and a member of the governing body of the National Council of Applied Economic Research.{{Citation needed|date=May 2019}} | ||
| Deveshwar was India's longest-serving CEO at the time of his death,<ref>{{cite web|url=http://businesstoday.intoday.in/story/best-ceos-itc-chairman-yc-deveshwar-interview/1/21586.html|title=From centre-half to referee|work=Business Today|last=Kalbag|first=Chaitanya|date=5 February 2012|accessdate=13 June 2015}}</ref> and earned nearly triple the second-highest salary in his company.<ref>{{cite web|url=https://www.forbes.com/2010/06/30/forbes-india-yogesh-chander-deveshwar-itc-tobacco.html|title=Remaking Indian Tobacco Co.|work=]|author=Indrajit Gupta & T. Surendar|date=30 June 2010|accessdate=13 June 2015}}</ref> In 2011, it was reported that his salary was 26 ] (2.6 million) ] per month.<ref name="econ times">{{cite web|url=http://articles.economictimes.indiatimes.com/2011-06-14/news/29656961_1_nakul-anand-y-c-deveshwar-education-and-stationery-products|title=ITC chief Y C Deveshwar to pave way for successor by February 2017|work=]|publisher=]|date=14 June 2011|accessdate=13 June 2015}}</ref> In 2013, he was listed as the best performing CEO in India by ] and seventh in the world.<ref name="HBR">{{cite journal|last=Hansen|first=Morten T. |author2=Herminia Ibarra |author3=Urs Peyer |date=30 January 2013|title=The Best-Performing CEOs in the World|journal=]|publisher=]|issn=0017-8012|oclc=1751795|url=https://hbr.org/2013/01/the-best-performing-ceos-in-the-world|accessdate=6 June 2015}}</ref><ref>{{cite web|url=https://in.finance.yahoo.com/news/meet-yc-deveshwar--the-7th-best-performing-ceo-in-the-world-094728811.html|title=Meet YC Deveshwar: The 7th Best Performing CEO in the World|date=22 January 2015|work=Yahoo Finance India|publisher=]|accessdate=6 June 2015}}</ref> He served as the president of the ] in 2005-06.<ref>{{cite web|url=https://economictimes.indiatimes.com/news/economy/policy/y-c-deveshwar-is-new-cii-chief/articleshow/1114617.cms|title= |
Deveshwar was India's longest-serving CEO at the time of his death,<ref>{{cite web|url=http://businesstoday.intoday.in/story/best-ceos-itc-chairman-yc-deveshwar-interview/1/21586.html|title=From centre-half to referee|work=Business Today|last=Kalbag|first=Chaitanya|date=5 February 2012|accessdate=13 June 2015}}</ref> and earned nearly triple the second-highest salary in his company.<ref>{{cite web|url=https://www.forbes.com/2010/06/30/forbes-india-yogesh-chander-deveshwar-itc-tobacco.html|title=Remaking Indian Tobacco Co.|work=]|author=Indrajit Gupta & T. Surendar|date=30 June 2010|accessdate=13 June 2015}}</ref> In 2011, it was reported that his salary was 26 ] (2.6 million) ] per month.<ref name="econ times">{{cite web|url=http://articles.economictimes.indiatimes.com/2011-06-14/news/29656961_1_nakul-anand-y-c-deveshwar-education-and-stationery-products|title=ITC chief Y C Deveshwar to pave way for successor by February 2017|work=]|publisher=]|date=14 June 2011|accessdate=13 June 2015}}</ref> In 2013, he was listed as the best performing CEO in India by ] and seventh in the world.<ref name="HBR">{{cite journal|last=Hansen|first=Morten T. |author2=Herminia Ibarra |author3=Urs Peyer |date=30 January 2013|title=The Best-Performing CEOs in the World|journal=]|publisher=]|issn=0017-8012|oclc=1751795|url=https://hbr.org/2013/01/the-best-performing-ceos-in-the-world|accessdate=6 June 2015}}</ref><ref>{{cite web|url=https://in.finance.yahoo.com/news/meet-yc-deveshwar--the-7th-best-performing-ceo-in-the-world-094728811.html|title=Meet YC Deveshwar: The 7th Best Performing CEO in the World|date=22 January 2015|work=Yahoo Finance India|publisher=]|accessdate=6 June 2015}}</ref> He served as the president of the ] in 2005-06.<ref>{{cite web|url=https://economictimes.indiatimes.com/news/economy/policy/y-c-deveshwar-is-new-cii-chief/articleshow/1114617.cms|title=YC Deveshwar is new CII chief|date=18 May 2005|publisher=]|accessdate=9 November 2020}}</ref> In 2011, Deveshwar received the ], India's third-highest civilian award.<ref name="econ times"/> | ||
| == Death == | == Death == | ||
Revision as of 09:15, 9 November 2020
Indian businessman
| Yogesh Chander Deveshwar | |
|---|---|
| Executive Chairman and CEO of ITC Limited | |
| In office 1 January 1996 – 4 February 2017 | |
| Succeeded by | Sanjiv Puri |
| Chairman and MD of Air India | |
| In office 1991 - 1994 | |
| Personal details | |
| Born | (1947-02-04)4 February 1947 Lahore, British India |
| Died | 11 May 2019(2019-05-11) (aged 72) |
| Residence(s) | Kolkata, India |
| Alma mater | IIT Delhi |
| Occupation | Businessman |
Yogesh Chander Deveshwar (4 February 1947 – 11 May 2019) was an Indian businessman. He was the chairman of ITC Limited. He was the longest-serving CEO of any Indian company.
Early life
Yogesh Chander Deveshwar was born on 4 February 1947 in Lahore, British India. He received a bachelor's degree in mechanical engineering from the Indian Institute of Technology, Delhi in 1968. He later attended the six-week Advanced Management Program at Harvard Business School.
Career
Deveshwar joined ITC Limited in 1968. He was appointed as a main board director in 1984 and became the CEO and chairman in January 1996. Deveshwar was due to step down as head of ITC in 2010.
He was a director on the central board of the Reserve Bank of India, a member of the National Foundation for Corporate Governance, and a member of the governing body of the National Council of Applied Economic Research.
Deveshwar was India's longest-serving CEO at the time of his death, and earned nearly triple the second-highest salary in his company. In 2011, it was reported that his salary was 26 lakh (2.6 million) rupees per month. In 2013, he was listed as the best performing CEO in India by Harvard Business Review and seventh in the world. He served as the president of the Confederation of Indian Industry in 2005-06. In 2011, Deveshwar received the Padma Bhushan, India's third-highest civilian award.
Death
Deveshwar died on 11 May 2019, and although the immediate cause of death was not announced, it was known that he had been diagnosed with cancer a few years before.
References
- "Y.C. Deveshwar thinks ITC could be a model for running India's PSUs - Business Today". intoday.in. Retrieved 14 June 2015.
- ^ Nayar, Lola (24 March 2017). "Yogesh Chander Deveshwar, ITC". Outlook. Retrieved 3 March 2019.
- Gupta, Indrajit & Surendar, T (2010) "Remaking Indian Tobacco Co.", Forbes.com, 30 June 2010, retrieved 31 July 2011
- Ghosal, Sutanuka (2011) "Inhouse talent preferred for ITC heir: Yogi Deveshwar", The Economic Times, 16 June 2011, retrieved 31 July 2011
- Kalbag, Chaitanya (5 February 2012). "From centre-half to referee". Business Today. Retrieved 13 June 2015.
- Indrajit Gupta & T. Surendar (30 June 2010). "Remaking Indian Tobacco Co". Forbes. Retrieved 13 June 2015.
- ^ "ITC chief Y C Deveshwar to pave way for successor by February 2017". The Economic Times. The Times Group. 14 June 2011. Retrieved 13 June 2015.
- Hansen, Morten T.; Herminia Ibarra; Urs Peyer (30 January 2013). "The Best-Performing CEOs in the World". Harvard Business Review. Harvard Business Publishing. ISSN 0017-8012. OCLC 1751795. Retrieved 6 June 2015.
- "Meet YC Deveshwar: The 7th Best Performing CEO in the World". Yahoo Finance India. Yahoo. 22 January 2015. Retrieved 6 June 2015.
- "YC Deveshwar is new CII chief". Economic Times. 18 May 2005. Retrieved 9 November 2020.
- "ITC chairman YC Deveshwar passes away". The Economic Times. 11 May 2019. Retrieved 11 May 2019.
- "Lost our husbands to tobacco let's fight it together, Mrs Deveshwar". Health news, Medibulletin. 13 May 2019. Retrieved 15 May 2019.
External links
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