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FMCG major ITC Ltd wants to extend YC Deveshwar’s term as non-executive chairman till 2022.
His term is scheduled to end in February 2020.
A proposal in this regard is listed for shareholders approval during the 107th annual general meeting scheduled for Wednesday.
Deveshwar stepped down as Executive Chairman — a position that he held for nearly 21 years — in February 2017 and was appointed non-executive chairman for three years till 2020.
According to a notice to the bourses, the company is seeking shareholders’ approval to extend Deveshwar’s term as “Non-Executive Director, not liable to retire by rotation, and Chairman of the company” till February 3, 2022.
Award for ITC
Meanwhile, ITC Ltd’s Savlon has bagged the coveted Grand Prix at Cannes Lions 2018 for ‘Creative Effectiveness’. According to the company, this award is a first for any Indian brand.
The ‘Creative Effectiveness’ Grand Prix at Cannes is one of the most prestigious awards honouring creativity that impacts consumer behaviour, brand equity and sales.
Designed and conceptualised by Ogilvy India, the campaign is a rendition of the ‘Savlon Swasth India Mission’ programme taken up by the FMCG company.
The idea of the campaign is to encourage a behavioural change (washing hands amongst children) through educational initiatives.
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