After 4,200% stock jump, new ITC CEO has a tough act to follow - Dollar Advisory & Financial Services

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Thursday 23 June 2016

After 4,200% stock jump, new ITC CEO has a tough act to follow

Yogesh C. Deveshwar's successor to guide ITCBSE one.61 % Ltd. can face the challenge of matching the diary of a chief officer United Nations agency boosted its share value quite forty times over twenty years, whereas keeping off entrenched competition as Asia's second-largest tobacco company diversifies additional into shopper merchandise.

Deveshwar, 69, United Nations agency joined ITC in 1968 and has helmed it since 1996, is seeking stockholder approval to serve a three-year term as chairman of British yankee Tobacco Plc associate. He can relinquish the chief role in February and attend his final shareholders' meeting as chief operating officer next month. ITC did not elucidate on United Nations agency would replace him.

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