>Editrite!: /* Career */

2021-10-06T09:00:52Z

Career

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{{short description|Indian businessman}}
{{Use dmy dates|date=May 2019}}
{{Use Indian English|date=March 2019}}
{{Infobox officeholder
| name = Yogesh Chander Deveshwar
| image =
| caption =
| birth_date = {{birth date|1947|2|4|df=y}}
| death_date = {{death date and age|df=yes|2019|5|11|1947|2|4}}
| birth_place = Lahore, British India
| residence = [[Kolkata]], India
| nationality = Indian
| office = Executive Chairman and CEO of [[ITC Limited]]
| term = 1 January 1996 – 4 February 2017
| successor = Sanjiv Puri
| office1 = Chairman and MD of [[Air India]]
| term1 = 1991 - 1994
| occupation = Businessman
| alma_mater = [[IIT Delhi]]
}}

'''Yogesh Chander Deveshwar''' (4 February 1947 – 11 May 2019) was an Indian businessman. He was the chairman of [[ITC Limited]]. He was the longest-serving CEO of any Indian company.

==Early life==
Yogesh Chander Deveshwar was born on 4 February 1947 in [[Lahore]], [[British India]].<ref>{{cite web|url=http://businesstoday.intoday.in/story/best-ceos-itc-chairman-yc-deveshwar-interview/1/21586.html|title=Y.C. Deveshwar thinks ITC could be a model for running India's PSUs - Business Today|work=intoday.in|access-date=14 June 2015}}</ref> He received a bachelor's degree in [[mechanical engineering]] from the [[Indian Institute of Technology, Delhi]] in 1968.<ref name="outlookindia.com">{{cite news|url=https://www.outlookindia.com/magazine/story/yogesh-chander-deveshwar-itc/298657|title=Yogesh Chander Deveshwar, ITC|first=Lola|last=Nayar|date=24 March 2017|work=Outlook|access-date=3 March 2019}}</ref> He later attended the six-week Advanced Management Program at [[Harvard Business School]].<ref name="outlookindia.com"/>

==Career==
Deveshwar joined [[ITC Limited]] in 1968. He was appointed a main board director in 1984 and became the CEO and chairman in January 1996.<ref name="Gupta">Gupta, Indrajit & Surendar, T (2010) "[https://www.forbes.com/2010/06/30/forbes-india-yogesh-chander-deveshwar-itc-tobacco.html Remaking Indian Tobacco Co.]", Forbes.com, 30 June 2010, retrieved 31 July 2011</ref> Deveshwar was due to step down as head of ITC in 2010.<ref>Ghosal, Sutanuka (2011) "[http://articles.economictimes.indiatimes.com/2011-06-16/news/29665509_1_itc-cigarettes-fmcg-business Inhouse talent preferred for ITC heir: Yogi Deveshwar]", ''[[The Economic Times]]'', 16 June 2011, retrieved 31 July 2011</ref>

He was a director on the central board of the [[Reserve 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|date=May 2019}}

Deveshwar was India's longest-serving CEO at the time of his death,<ref>{{cite web|url=http://businesstoday.intoday.in/story/best-ceos-itc-chairman-yc-deveshwar-interview/1/21586.html|title=From centre-half to referee|work=Business Today|last=Kalbag|first=Chaitanya|date=5 February 2012|access-date=13 June 2015}}</ref> and earned nearly triple the second-highest salary in his company.<ref>{{cite web|url=https://www.forbes.com/2010/06/30/forbes-india-yogesh-chander-deveshwar-itc-tobacco.html|title=Remaking Indian Tobacco Co.|work=[[Forbes]]|author=Indrajit Gupta & T. Surendar|date=30 June 2010|access-date=13 June 2015}}</ref> In 2011, it was reported that his salary was 26 [[lakh]] (2.6 million) [[rupees]] per month.<ref name="econ times">{{cite web|url=http://articles.economictimes.indiatimes.com/2011-06-14/news/29656961_1_nakul-anand-y-c-deveshwar-education-and-stationery-products|title=ITC chief Y C Deveshwar to pave way for successor by February 2017|work=[[The Economic Times]]|publisher=[[The Times Group]]|date=14 June 2011|access-date=13 June 2015}}</ref> In 2013, he was listed as the best performing CEO in India by [[Harvard Business Review]] and seventh in the world.<ref name="HBR">{{cite journal|last=Hansen|first=Morten T. |author2=Herminia Ibarra |author3=Urs Peyer |date=30 January 2013|title=The Best-Performing CEOs in the World|journal=[[Harvard Business Review]]|publisher=[[Harvard Business Publishing]]|issn=0017-8012|oclc=1751795|url=https://hbr.org/2013/01/the-best-performing-ceos-in-the-world|access-date=6 June 2015}}</ref><ref>{{cite web|url=https://in.finance.yahoo.com/news/meet-yc-deveshwar--the-7th-best-performing-ceo-in-the-world-094728811.html|title=Meet YC Deveshwar: The 7th Best Performing CEO in the World|date=22 January 2015|work=Yahoo Finance India|publisher=[[Yahoo]]|access-date=6 June 2015}}</ref> He served as the president of the [[Confederation of Indian Industry]] in 2005-06.<ref>{{cite web|url=https://economictimes.indiatimes.com/news/economy/policy/y-c-deveshwar-is-new-cii-chief/articleshow/1114617.cms|title=YC Deveshwar is new CII chief|date=18 May 2005|publisher=[[The Economic Times]]|access-date=9 November 2020}}</ref> In 2011, Deveshwar received the [[Padma Bhushan]], India's third-highest civilian award.<ref name="econ times"/>

== Death ==
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.<ref>{{cite news |title=ITC chairman YC Deveshwar passes away |url=https://economictimes.indiatimes.com/industry/cons-products/fmcg/itc-chairman-yc-deveshwar-passes-away/articleshow/69278020.cms |access-date=11 May 2019 |work=The Economic Times |date=11 May 2019}}</ref><ref>{{Cite web|url=https://medibulletin.com/lost-our-husbands-to-tobacco-lets-fight-it-together-mrs-deveshwar/|title=Lost our husbands to tobacco let's fight it together, Mrs Deveshwar|date=13 May 2019|website=Health news, Medibulletin|language=en-GB|access-date=15 May 2019}}</ref>

==References==
{{Reflist|30em}}

==External links==
* [http://www.rediff.com/money/2005/apr/09spec6.htm How Yogi Deveshwar changed ITC]
* [https://web.archive.org/web/20071220190358/http://www.itcportal.com/newsroom/press_releases_02nov06.htm Y C Deveshwar named `Business Person of the Year' by UK Government]

{{PadmaBhushanAwardRecipients 2010–19}}
{{ITC}}

{{DEFAULTSORT:Deveshwar, Yogesh Chander}}
[[Category:1947 births]]
[[Category:2019 deaths]]
[[Category:Indian chief executives]]
[[Category:IIT Delhi alumni]]
[[Category:Indian hoteliers]]
[[Category:Recipients of the Padma Bhushan in trade and industry]]
[[Category:Deaths from cancer in India]]
[[Category:Reserve Bank of India]]

Yogesh Chander Deveshwar - Revision history

>Editrite!: /* Career */