Sanjiv Puri has been appointed as Chief Operating Officer of ITC Ltd and will be responsible for running day to day operations of the company. The appointment comes within days of outgoing chairman Yogi Deveshwar’s speech at the company’s annual general meeting (AGM) clearly outlining an upscaling of its non-cigarettes businesses.
In 2014, Puri was made president of the fast-moving consumer goods (FMCG) business, a position carved out for him that first set off speculation he was being groomed for a bigger role. Last December, he was elevated to the board.
A graduate of the Indian Institute of Technology, Kanpur, Puri joined ITC in 1986 and worked his way through several functions. His first major break came in 2001 when he was appointed the managing director of Surya Nepal, a subsidiary of ITC, which became one of the largest private companies in Nepal.