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ITC's
Yogi Deveshwar takes over as CII president
New Delhi: The Chairman of ITC, Y.C. Deveshwar, has
taken over as the new President of Confederation of Indian
Industry from Sunil Kant Munjal.
An IIT-Delhi graduate, Deveshwar has handled key assignments
in both the public and private sectors. He was the Chairman
and Managing Director of Air India in the early 1990s
and is currently the Chairman of ITC Hotels and Surya
Nepal Pvt Ltd. He is also a member of the National Manufacturing
Competitiveness Council.
Along with Deveshwar, R. Seshasayee has taken over as
the Vice-President of the industry body. A chartered accountant
by profession, Seshasayee is the Managing Director of
Ashok Leyland since 1998, a CII release said.
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New
directors appointed to Ambuja Cement Eastern board
Mumbai: The Ambuja Cement Eastern Ltd has appointed
three new additional directors on its board, following
the recent acquisition of majority holding in its holding
company Ambuja Cement India Ltd by Swiss major Holcim.
The new directors are Paul Heinz Hugentoblerb, Onne Van
der Wiejdec and Ramit Budhraj, said a notice to the stock
exchanges issued by the company.
The board of directors has accepted the resignations of
its members A.L. Kapur, P.B. Kulkarni and Santosh Senapati.
It has also approved the extension of the current accounting
year by six months. It will be for a period of 18 months
ending December 31, 2005. This will be subject to approval
from the Registrar of Companies.
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