Yogesh Chander Deveshwar | |
|---|---|
 Deveshwar in 2008 | |
| Chairman and CEO ofITC Limited | |
| In office 1996–2017 | |
| Succeeded by | Sanjiv Puri |
| Chairman and MD ofAir 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 ofITC Limited. He was the longest-serving CEO of any Indian company.
Yogesh Chander Deveshwar was born on 4 February 1947 inLahore,British India.[1] He received a bachelor's degree inmechanical engineering from theIndian Institute of Technology, Delhi in 1968.[2] He later attended the six-week Advanced Management Program atHarvard Business School.[2]
Deveshwar joinedITC Limited in 1968. He was appointed a main board director in 1984 and became the CEO and chairman in January 1996.[3] Deveshwar was due to step down as head of ITC in 2010.[4]
He was a director on the central board of theReserve 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.[citation needed]
Deveshwar was India's longest-serving CEO at the time of his death,[5] and earned nearly triple the second-highest salary in his company.[6] In 2011, it was reported that his salary was 26lakh (2.6 million)rupees per month.[7] In 2013, he was listed as the best performing CEO in India byHarvard Business Review and seventh in the world.[8][9] He served as the president of theConfederation of Indian Industry in 2005-06.[10] In 2011, Deveshwar received thePadma Bhushan, India's third-highest civilian award.[7]
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.[11][12]
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