Mumbai: As per reports, Indian conglomerate ITC Ltd has proposed convening an annual general meeting to seek shareholder approval for the reappointment of Sanjiv Puri as the managing director and chairman for a second term, effective from 22 July 2024.

Puri, who joined ITC in 1986, was appointed as a whole-time director on the board of ITC from 6 December 2015, chief executive officer in February 2017 and re-designated as the managing director in May 2018. He was appointed as the chairman effective 13 May 2019.

He is an alumnus of the Indian Institute of Technology, Kanpur, and the Wharton School of Business, USA.

A news report citing the company’s AGM notice said that it will also appoint its food business chief executive Hemant Malik as a whole-time director on the board, effective 12 August 2023. With his appointment, the company board will have four whole-time executive directors.

As per reports, Nakul Anand, Sumant Bhargavan and Supratim Dutta are also on the board.

The 112th AGM is reportedly scheduled for 11 August.

ITC’s 112th AGM is scheduled on 11 August. With Malik’s appointment, ITC board will have four whole-time executive directors. His appointment will be effective 12 August 2023, for three years.