Chairman of ITC Limited Y C Deveshwar on Friday said that his successor would be a man with a wide bandwidth.
"It is not that I will choose my successor. That will be done by a nominations committee and the panel would look into leadership traits, person with values, vitality and a man with wide bandwidth," Deveshwar told reporters in Kolkata after the company's 100th AGM .
He said there was still five-years time to appoint a successor and the subject was closed for now.
My objective is to be future ready, says Deveshwar
The shareholders on Friday passed a resolution appointing Deveshwar as chairman of the company for five years, with effect from February 2012.
Deveshwar said he was unhappy over the slow execution of projects which the company had announced before involving an investment of Rs 23,000 crore for five years.
"At the moment we are running behind schedule. Most of the projects are sanctioned, but I am not happy with the pace of execution because of reasons which are beyond ITC's control," he said.
SPECIAL:YC Deveshwar on ITC's future
The multiplicity of clearances were creating the delay, he said, adding that the problems would be resolved shortly.
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