Sanjiv Puri Re-appointed as Chairman and Managing Director of ITC Ltd

Sanjiv Puri Re-appointed as Chairman and Managing Director of ITC Ltd
Sanjiv Puri Re-appointed as Chairman and Managing Director of ITC Ltd

In a significant development, Sanjiv Puri has been re-appointed as the Chairman and Managing Director of ITC Ltd, one of India’s prominent conglomerates. The decision, based on the recommendation of the committee, will come into effect from July 22, 2024, and will entail a term of five years. ITC Ltd holds a prominent position as one of the largest companies in India, with operations spanning across diverse sectors such as tobacco manufacturing, food processing, retailing, and financial services.

With a remarkable career spanning over three decades at ITC and its subsidiaries, Sanjiv Puri has consistently demonstrated exceptional leadership qualities. Joining ITC in January 1986, Puri has held various pivotal roles within the organization. He assumed the position of Chief Executive Officer in February 2017 and was later re-designated as the Managing Director in May 2018. Puri took on the role of Chairman of the conglomerate on May 13, 2019.

Throughout his tenure at ITC, Puri has showcased a deep understanding of diverse business verticals and held key positions overseeing critical areas such as manufacturing, operations, and information & digital technology. His expertise and strategic vision have been instrumental in shaping ITC’s growth trajectory.

Under Puri’s leadership, ITC has embarked on a transformative strategy known as ‘ITC Next.’ This strategy focuses on innovation, digital acceleration, customer centricity, and cost optimization. It has allowed the company to invest in new growth avenues while ensuring agility in the supply chain. ITC has made significant strides in environmental conservation, rural development, and community welfare, reflecting Puri’s commitment to creating a positive impact.

Sanjiv Puri, with his strong educational background as an alumnus of the Indian Institute of Technology, Kanpur, and the Wharton School of Business, USA, brings a holistic perspective and a solid foundation for effective decision-making. His extended tenure as Chairman and Managing Director of ITC presents an opportunity for the company to build upon its strong foundation and continue its growth trajectory. With Puri’s strategic vision and extensive experience, ITC is well-positioned to navigate the evolving business landscape and capitalize on emerging opportunities.

Full form of ITC: Indian Tobacco Company
ITC Founded on: August 24, 1910