Deveshwar is due to step down as head of ITC in 2010. There has been some speculation in the media about Deveshwar’s successor. In March 2010, Kurush N Grant was appointed to the ITC Board. In January 2011, two new Executive Directors, Nakul Anand and P V Dhobale were inducted to the Board.  Elevated from their earlier responsibilities as Chief Executives of ITC’s core business divisions of FMCG, Hotels and Paper, they are homegrown managers  and signal the next generation of leadership in the organization.