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ITC Ltd (ITC.NS)

ITC.NS on National Stock Exchange of India

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13 Dec 2018
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Summary

Name Age Since Current Position

Yogesh Deveshwar

71 2017 Non-Executive Chairman of the Board

Sanjiv Puri

55 2018 Chief Executive Officer, Managing Director, Executive Director

Rajiv Tandon

64 2016 Chief Financial Officer, Executive Director

B. Sumant

54 2018 President - FMCG Businesses , Wholetime Director

Sanjay Singh

61 2017 Group Head - Paper & Packaging and Divisional Chief Executive

Rajendra Singhi

2018 Executive Vice President, Compliance Officer, Company Secretary

A. Rajput

62 Senior Vice President - Corporate Affairs

Kannadiputhur Suresh

58 2009 General Counsel

Nakul Anand

61 2011 Executive Director

Chitranjan Dar

62 2015 Group Head - LS&T, Central Projects, EHS and Quality Assurance

S. Sivakumar

57 2016 Group Head - Agri Business

R. Sridhar

59 Head - Corporate Human Resources

Hemant Bhargava

59 2018 Additional Non-Executive Director

John Pulinthanam

58 2018 Additional Non-Executive Director - Representing the General Insurers (public Sector) Association of India

David Simpson

61 2017 Non-Executive Director - Representative of Tobacco Manufacturers (India) Limited

Shilabhadra Banerjee

69 2014 Non-Executive Independent Director

Arun Duggal

71 2014 Non-Executive Independent Director

Sahibzada Syed Habib-ur-Rehman

74 2012 Non-Executive Independent Director

Sunil Mathur

73 2005 Non-Executive Independent Director

Nirupama Rao

67 2016 Non-Executive Independent Director

Meera Shankar

67 2012 Non-Executive Independent Director

Biographies

Name Description

Yogesh Deveshwar

Shri. Yogesh Chander Deveshwar is an Non-Executive Chairman of the Board of ITC Limited. He was appointed as a Director on the Board of the Company on April 11, 1984 and became the Chief Executive and Chairman on January 1, 1996. On splitting up of the role of the Executive Chairman between Chairman and Chief Executive Officer (CEO) with effect from February 5, 2017, Deveshwar, as Chairman and Non-Executive Director, assumed the role of Mentor to the CEO and Corporate Management Committee. Deveshwar joined ITC in 1968 and is an alumnus of the Indian Institute of Technology, Delhi and Harvard Business School. Between 1991 and 1994, he led Air India as Chairman and Managing Director. Articulating a Vision to put Country before Corporation and serve larger national priorities, he has led ITC's strategic thrust to create multiple drivers of growth that would make a significant and growing contribution to the Indian economy. He also shaped and implemented a Strategy of Organisation to effectively manage multiple businesses whilst retaining focus on each one of them, in the process deriving unique sources of competitive advantage from ITC's diversity. Deveshwar has also championed the cause for Sustainability world-wide bringing into focus the need to innovate corporate strategies that not only enhance shareholder value but add significantly to the development of natural and social capital. Spearheading a journey of growth that has led the Harvard Business Review to rank him as the 7th Best Performing CEO in the world, his stewardship has guided ITC to become India's foremost FMCG marketer, the country's largest and greenest Paperboards and Packaging business, a globally acknowledged pioneer in farmer empowerment through its wide-reaching Agri Business, the second largest Hotel Chain in India and a trailblazer in 'green hoteliering'. The Company's wholly-owned subsidiary, ITC Infotech India Limited, is also one of India's fast-growing IT companies in the mid-tier segment.

Sanjiv Puri

Mr. Sanjiv Puri serves as Chief Executive Officer, Managing Director, Executive Director of the Company. He was Chief Executive Officer, Executive Director of the company. He was appointed as a Director on the Board of ITC from December 6, 2015 and Chief Executive Officer (CEO) from February 5, 2017 heading the Corporate Management Committee. He was the Chief Operating Officer (COO) of ITC since July 22, 2016 carrying full responsibility for the day-to-day functioning of the Company. 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, Kanpur and Wharton School of Business. He joined ITC in 1986. Prior to his appointment 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 India Tobacco Division in 2009, with additional charge of the Company's Trade Marketing & Distribution function. He has led ITC Infotech India Limited, a wholly owned subsidiary of ITC, as its Managing Director from May 2006 to August 2009. He was also on the Boards of ITC Infotech's wholly owned subsidiaries in the UK and USA. Puri served between 2001 and 2006 as the Managing Director of Surya Nepal Pvt. Limited, a joint venture subsidiary company of ITC in Nepal. He was a member of the Board of Governors of Media Research Users Council. He has also served as the Chairman of the Agri & Food Processing Taskforce of CII Eastern Region, member of the CII Eastern Regional Council and on the Executive Council of The Indian Society of Advertisers. Presently, he is on the Boards of some of the subsidiary companies of ITC.

Rajiv Tandon

Mr. Rajiv Tandon serves as Chief Financial Officer, Executive Director of the Company, He was appointed as a Director on the Board of ITC effective January 22, 2016. He is responsible for Finance, Accounting and Internal Audit Functions and Investment Subsidiaries of the Company. Prior to this, he was the Chief Financial Officer of the Company, a position that he continues to hold. A Fellow Member of the Institute of Chartered Accountants of India with over three decades of experience, Tandon has held various positions in ITC including Executive Vice President - Finance & MIS of the Tobacco Division, Executive Vice President - Corporate Finance, Finance Advisor and member of the Management Committee of Agri Business and Tobacco Divisions. Tandon was named the ‘Best CFO in India’ by Business Today in 2013. He has held several important positions in various industry bodies including Member, Managing Committee, The Bengal Chamber of Commerce & Industry; Chairman of the Expert Committee on Banking and Finance, Indian Chamber of Commerce; Member, Taxation and Company Law Committee, CII, and is currently a Member of the CII National Committee for CFOs, as well as a Member of the Capital Markets Committee of FICCI.

B. Sumant

Mr. B. Sumant serves as President - FMCG Businesses , Wholetime Director of the Company. He also holds additional responsibility of Trade Marketing and Distribution as its Chief executive since October 2016. Sumant was the Divisional Chief Executive of the Tobacco Division before his elevation as President - FMCG Businesses. An alumnus of NIT Durgapur, Sumant joined ITC in January 1986 and has handled a wide range of responsibilities across several businesses. He spent the first 19 years in Manufacturing operations of the Tobacco Division and has worked in four production units as well as at Head Office where he was General Manager, Operations. In October 2004, he moved to the foods business and set up the Snack Food category under the brand name 'Bingo!'. He led ITC Infotech India Limited, a wholly owned subsidiary of ITC, as its Managing Director from April 2009 to October 2014. He has also been on the Boards of ITC Infotech's wholly owned subsidiaries in the UK and the USA. Sumant is a member of the CII National FMCG Committee. He is a member of CII Eastern Regional Council for 2016-17 and the Chairman of CII Eastern Region Agriculture & Food Processing Taskforce. He is also a Director on the Board of Tobacco Institute of India and Surya Nepal Pvt. Limited.

Sanjay Singh

Mr. Sanjay K. Singh serves as Group Head - Paper & Packaging and Divisional Chief Executive of the Company. He was Divisional Chief Executive - Paperboards and Specialty Papers Division of the company. He also oversees the Packaging and Printing Business. Prior to this he was the Chief Operating Officer of the Paperboards Business. A chemical engineer from IIT Kanpur, Singh joined the erstwhile ITC Bhadrachalam Paperboards Limited as a management trainee in 1977 and rose to become a whole time director in 1999. Consequent to the merger of ITC Bhadrachalam Paperboards Limited with ITC Limited in March 2002, he took charge of the Paperboards & Specialty Papers Division as Executive Vice President (Manufacturing) with responsibility for Bhadrachalam, Tribeni, Kovai and Bollaram units. He has played a vital role in the implementation of TPM and Lean manufacturing in all the units.

Rajendra Singhi

A. Rajput

Kannadiputhur Suresh

Mr. Kannadiputhur Sundararaman Suresh is General Counsel of ITC Limited. He is a lawyer by qualification and training, he joined the Company in 1990 after being in private practice, and took charge of the Legal function in 1998. With wide ranging expertise and experience in corporate laws as well as litigation, he has guided many important legal issues to successful resolution for the Company.

Nakul Anand

Mr. Nakul Anand is an Executive Director of ITC Limited. He was appointed as a Director on the Board of ITC effective January 3, 2011. In addition to overseeing the Hospitality, Travel & Tourism Businesses of ITC, he took over in December 2014, the responsibility for overseeing the Lifestyle Retailing Business. An Economics Honours Graduate from the Delhi University with an AMP Degree from the Bond University, Australia, Anand joined ITC Hotels’ Management Training Programme in 1978. He has also served as the Managing Director of erstwhile ITC Hotels Limited during the period 2003-05. In a career that spans close to four decades, Anand has been acknowledged in the hotels and tourism industry for his vision and commitment. Leveraging the significant learning of sustainable excellence within ITC, he led the team at ITC Hotels to pioneer the concept of ‘Responsible Luxury’ in the hospitality industry, securing LEED® Platinum certifications for all ITC super premium luxury hotels. He has formulated value-based strategies to create a unique quality control model. His dynamic leadership and passion for the business is recognised and acknowledged by his peers. He has been a past President of the Hotel Association of India and past Chairman of the CII National Tourism Committee. Anand is presently a Member of the National Tourism Advisory Council constituted by the Ministry of Tourism, Government of India, Chairman of the Federation of Associations in Indian Tourism & Hospitality, and a Member of the Executive Committee of the Hotel Association of India. He is also a Member of the India - Sri Lanka CEOs Forum.

Chitranjan Dar

Mr. Chitranjan Dar is Group Head - LS&T, Central Projects, EHS and Quality Assurance of the Company. He is responsible for overall supervision of Quality Assurance, ITC Life Sciences & Technology Centre, Central Projects Organisation and Environment, Health & Safety since June 2015. Dar is an engineer from IIT, Delhi and an MBA from IIM, Ahmedabad. He started his career in ITC's Packaging and Printing business in 1981. In 1998, he was seconded to the then ITC Bhadrachalam Paperboards Limited as head of Marketing and was elevated to the Board of that company in 1999. In 2003, he joined the Lifestyle Retailing Business Division as its Chief Executive and continued in that role till he moved in August 2008 to the Foods business as Chief Operating Officer. He took over as Divisional Chief Executive of the Foods Business in August 2009 and continued in that role till May, 2015.

S. Sivakumar

Mr. S. Sivakumar serves as Group Head - Agri Business of the Company. He was Divisional is Group Head - Agri Business of the company. He is the Divisional Chief Executive of the Agri Business Division. He is also the Chairman of Technico Agri Sciences Limited, and Vice Chairman of ITC Infotech India Limited and its subsidiaries in the UK and USA. The e-Choupal initiative was developed and executed under Sivakumar's leadership of the Agri Business Division. Topper of the Class of 1983 from the Institute of Rural Management Anand, (IRMA), Sivakumar worked with a farmers' cooperative for six years before joining ITC in 1989. Sivakumar is the Chairman of the National Agricultural Council of the Confederation of Indian Industry (CII), Vice Chairman of the World Economic Forum's Global Agenda Council on Social Innovation, and a member on the Board of Governors of Institute of Rural Management, Anand (IRMA). Sivakumar served on the Boards of India's National Bank for Agriculture and Rural Development (NABARD), and Indo US Knowledge Initiative on Agriculture, the Private Sector Committee of the Consultative Group on International Agricultural Research (CGIAR), and UN Global Compact's Core Advisory Group to develop Sustainable Agriculture Business Principles, among other organisations.

R. Sridhar

Mr. R. Sridhar serves as Head - Corporate Human Resources of the company. He joined ITC in 1982 after completing his post-graduation in Personnel Management and Industrial Relations from XLRI, Jamshedpur, where he was awarded the gold medal for academic excellence. Prior to his current role, he was heading Learning and Development at Corporate Human Resources. Earlier in his career, Sridhar has handled senior HR assignments amongst others in the India Tobacco Division and the Agri Business Division - ILTD. Sridhar is a Fellow in Management from XLRI, Jamshedpur. His doctoral thesis establishes the significance of HR Processes to elicit positive employee attitudes and behaviours to impact employee performance.

Hemant Bhargava

Mr. Hemant Bhargava is Additional Non-Executive Director of the Company. He is the Managing Director of Life Insurance Corporation of India (LIC). He holds a Masters Degree in Economics and a Masters in Financial Management from the Jamnalal Bajaj Institute of Management Studies. In addition, he has done courses from 11M, Lucknow and ISB, Hyderabad. Mr. Bhargava joined LIC as a Direct Recruit Officer in 1981. During his long tenure of3 7 years in LIC, he has worked across various departments In diverse set of roles ill both India and abroad, building multi-dimensional experience In different capacities, especially In Marketing, International Operations, Joint Ventures, Subsidiaries, etc. He had the privilege of heading two critical zones ofLIC covering more than 15 states of India. This leadership tenure was enriched by the extensive experience gained in overseeing several functions including Marketing, Finance, Personnel, Pension & Group Scheme, Alternate channels, Estate and Office Services, HRD, IT etc. He is presently on the Boards of Larsen & Toubro Limited, Voltas Limited, The Tata Power Company Limited, Infrastructure Leasing & Financial Services Limited, LIC Mutual Fund Trustee Private Limited, L1C Pension Fund Limited, LIC (Lanka) Limited and LIe Bangladesh Limited, amongst others.

John Pulinthanam

Mr. John Pulinthanam serves as Additional Non-Executive Director - Representing the General Insurers (public Sector) Association of India of the Company. He has been appointed as an Additional Non-Executive Director on the Board of ITC effective May 16, 2018, representing the General Insurers’ (Public Sector) Association of India. He holds a Masters Degree in Economics and is an MBA from the Kerala University, in addition to being a Fellow of the Insurance Institute of India. He is currently the Officiating Chairman-cum-Managing Director (Joint Charge) of National Insurance Company Limited (NIC). Pulinthanam has more than 37 years of experience in general insurance industry. He joined The New India Assurance Company Limited as a Direct Recruit Officer in 1981 and gained rich experience in administration, management and core insurance matters, while working in various capacities in Branch / Divisional Offices, Regional Offices and the Head Office of New India. He was the Managing Director of Tanzindia Assurance Company Limited in Tanzania, East Africa, for four years. In 2009, he was posted to NIC and was heading its Bengaluru Regional Office, before being elevated to the post of General Manager in 2013. He was appointed as Wholetime Director of NIC in 2017.

David Simpson

Mr. David Robert Simpson serves as Non-Executive Director - Representative of Tobacco Manufacturers (India) Limited of the Company. He was appointed as a Non-Executive Director on the Board of ITC effective January 27, 2017, as a representative of Tobacco Manufacturers (India) Limited, a subsidiary of British American Tobacco p.l.c. In addition to holding a Masters Degree from the University of Cambridge, he is a qualified lawyer from the Guildford College of Law. Simpson started his career in 1979 and has held various leadership positions with major corporates including Barclays de Zoete Wedd Limited and KPMG LLP. At present, he is a Trustee of the Cardiff University, UK, and a Director on the Board of British Geological Survey. He has earlier held the position of Global Head of M&A at KPMG LLP. Simpson has a wide range of expertise and understanding of diverse sectors spanning Investment Banking and Private Equity, Infrastructure, Energy, Transport, Healthcare, Education, Investment Risk Assessment etc.

Shilabhadra Banerjee

Mr. Shilabhadra Banerjee is a Non-Executive Director of ITC Limited. He joined the ITC Board as a Non-Executive Director effective July 24, 2014 and was appointed as an Independent Director on July 30, 2014. Banerjee, a Masters in History from St. Stephen’s College, Delhi, Post Graduate Diploma holder in Public Administration from the Indian Institute of Public Administration, New Delhi, and an M. Phil in Social Sciences from the University of Panjab, began his career in the Indian Administrative Service in 1971. In a career spanning over 37 years, he has held several eminent positions including that of Joint Secretary in the Ministries of Petroleum & Natural Gas and Urban Development. Banerjee was Director General (Acquisition) in the Ministry of Defence and retired as Secretary, Ministry of Tourism in October 2008. He has been a Visiting Fellow at the Queen Elizabeth House, University of Oxford, UK. Banerjee also served on the Board of the Company from February 2010 to March 2014.

Arun Duggal

Shri. Arun Kumar Duggal is a Non-Executive Independent Director of the Company. He joined the ITC Board as a Non-Executive Independent Director effective September 15, 2014. Duggal, a Mechanical Engineer from the Indian Institute of Technology, Delhi, and an MBA from the Indian Institute of Management, Ahmedabad, is an international banker with global experience in financial strategy, M&A and capital raising. His professional career includes 26 years with Bank of America (BoA), primarily in the USA, Hong Kong and Japan, with his last assignment as Chief Executive with BoA, India, from 1998 to 2001. He was the Chief Financial Officer of HCL Technologies Limited, India, from 2001 to 2003. He has also been the Chairman of the American Chamber of Commerce, India, and on the Board of Governors of the National Institute of Bank Management. Duggal is involved in several initiatives in social and educational sectors and is founder of FICCI’s ‘Women on Corporate Boards’ Programme. He is also founder of the ‘Centre of Excellence for Research on Clean Air’ (CERCA) at the Indian Institute of Technology, Delhi.

Sahibzada Syed Habib-ur-Rehman

Mr. Sahibzada Syed Habib-ur-Rehman is a Non-Executive Independent Director of ITC Limited. He was appointed as a Non-Executive Independent Director on the Board of ITC effective July 27, 2012. Rehman’s illustrious career began with a tenure in the Indian Army after he graduated from the Indian Military Academy in Dehradun. He moved to the hospitality industry in 1975 and joined ITC in 1979, beginning a three decade association with the Company. Rehman was appointed Managing Director of erstwhile ITC Hotels Limited in 1994. Subsequently, he joined the Board of ITC as an Executive Director in 1997, and over the next 12 years was responsible for several businesses - Hotels, Travel & Tourism and Foods. During this period, he ably led ITC’s Hotels Business in consolidating its position as one of India’s leading hospitality chains. Rehman was the founder President of the Hotel Association of India, and a founder Member of the World Travel & Tourism Council, Experience India / Incredible India and has headed several industry associations including tourism committees of FICCI, ASSOCHAM and CII. Rehman has been a recipient of several awards and honours, recognising his vast contribution to the Indian hospitality industry.

Sunil Mathur

Shri. Sunil Behari Mathur is a Non-Executive Independent Director of ITC Limited. He has been on the ITC Board since July 29, 2005, first as a representative of LIC and then in his individual capacity as a Non-Executive Independent Director. A qualified Chartered Accountant, Mathur retired from LIC in October 2004 as its Chairman. Subsequently, the Government of India appointed him the Administrator of the Specified Undertaking of the Unit Trust of India in December 2004, up to December 2007. Mathur took over as Chairman of LIC at a time when the insurance sector had just opened up. Under his leadership, LIC successfully rose to the challenges of a competitive environment by enhancing product offerings. He joined LIC in 1967 as a Direct Recruit Officer and rose to the rank of Chairman. He held various positions in LIC including Senior Divisional Manager of Gwalior Division, Chief of Corporate Planning, General Manager of LIC (International) E.C., Zonal Manager in-charge of Western Zone and Executive Director.

Nirupama Rao

Mrs. Nirupama Rao is a Non-Executive Independent Director of the Company effective April 8, 2016. She is a Post Graduate in English Literature, Fellow – Harvard University (1992-93), Fellow – Brown University (2014-16), Jawaharlal Nehru Fellow, and a recipient of the Degree of Doctor of Letters (Honoris Causa) from the Pondicherry University. She was conferred with the Vanitha Ratna by the Government of Kerala in 2016. She is currently a Global Fellow of The Wilson Center in Washington D.C. and a Councillor of the World Refugee Council. A career diplomat from the Indian Foreign Service from 1973 to 2011, she served the Government in several important positions including that of the Foreign Secretary of India. She has represented India in several countries during her distinguished career and was the first Indian woman to be appointed High Commissioner to Sri Lanka and Ambassador to China. She was also the first woman spokesperson of the Ministry of External Affairs. After her retirement, she was appointed Ambassador of India to the United States for a tenure of two years from 2011 to 2013.

Meera Shankar

Ms. Meera Shankar is a Non-Executive Independent Director of ITC Limited since September 6, 2012. A Post Graduate in English Literature, she joined the Indian Foreign Service in 1973 and had an illustrious career spanning 38 years. She served in the Prime Minister’s Office for six years from 1985 to 1991 working on foreign policy and security matters. Thereafter, she led the Commercial Wing in the Indian Embassy in Washington as Minister (Commerce) till 1995. She returned as Director General of the Indian Council of Cultural Relations overseeing India’s cultural diplomacy. She has had extensive experience in South Asia having worked on Bangladesh, Sri Lanka and Maldives as Under Secretary and Deputy Secretary in the Ministry of External Affairs. Later, as Joint Secretary she headed divisions dealing with neighbours, Nepal and Bhutan, and the South Asian Association for Regional Cooperation (SAARC). As Additional Secretary, she handled the UN and international security issues. She served as Ambassador of India to Germany from 2005 to 2009 and then to the United States from 2009 to 2011.

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