ITC’s Deveshwar ranked 7th Best CEO in the world - Deccan Chronicle
December 24, 2012
Diversified Indian conglomerate ITC chairman Y.C. Deveshwar has been adjudged the seventh Best Performing CEO in the world in the global scorecard on '100 Best Performing CEOs 'in the world ' published by the Harvard Business Review(HBR) in its January-February 2013 edition.
The ITC chairman ranks first amongst the Indian CEOs featured in this HBR list. The 2013 global HBR CEO scorecard looked at how much total shareholder returns had changed over a time period from the CEO's 1st day in office to August 31, 2012(adjusting for country and industry effects) as well as the overall increase in market capitalisation.
During his tenure as the chairman over the last 16 years, Mr. Deveshwar has led ITC Ltd to become a company with a market capitalisation of $35billion and a turnover of over $7 billion.
