ITC Chairman Y C Deveshwar passes away

Team Udayavani, May 11, 2019, 11:55 AM IST

New Delhi: Noted industry leader and ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness, according to company sources.

Deveshwar (72), who stepped down from the executive role in 2017 but remained as a chairman in a non-executive capacity, passed away this morning at a private hospital in Gurugram.

Deveshwar previously led Air India as its managing director between 1991 and 1994. He was also a director in the RBI. He also served as a Member of the Board of Trade, Ministry of Commerce and Industry, and a Member of the National Food Processing Development Council, Ministry of Food Processing Industries, Government of India.

In 2011, the government conferred Deveshwar with the 3rd highest civilian award – Padma Bhushan.