Wednesday, July 12, 2023

ITC CEO Puri will receive a five-year extension

KOLKATA: Differentiated combination ITC has proposed a five-year expansion for its executive and overseeing chief Sanjiv Puri. On July 21, 2024, he would complete his current term. At ITC's Annual General Meeting (AGM), which is scheduled for August 11, shareholders must approve the proposal to extend the 61-year-old CMD.

Sanjiv Puri's salary has increased by 52% to reach Rs 16. 3 crore in FY23 from Rs 10. 7 crore in the previous year. The consolidated base salary increased to Rs 2. 9 crore from Rs 2. 6 crore and the rest were execution motivations, reward and different advantages.

The individuals at the 107th AGM, held in 2018, supported the arrangement of Puri as the MD of the organization for a time of five years with impact from July 22, 2019. Afterward, he turned into the director too alongside the MD . , Puri would remain in office until July 2029. In January 1986, Puri joined ITC.

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