Sai Kumar to replace Haresh Chawla as Network 18’s Group CEO

30 Nov,2011

By A Correspondent

 

The transition is in place. After the surprise exit of Group CEO Haresh Chawla, trusted aide and Group COO B Sai Kumar, 37, has been appointed successor at Network 18.

 

This was conveyed to the Network 18 team in an internal circular by outgoing CEO Haresh Chawla. While Mr Sai Kumar will be Group CEO of Network 18, he will also be on the boards of Homeshop 18 and Viacom 18. The respective CEOs of both companies will report to the Board, the memo said, adding that given his (Mr Chawla’s) sharing of time with Viacom 18 in recent times, Mr Saikumar has had rich experience running the Network 18 businesses.

 

In his assignment as Group COO, Mr Sai Kumar, led management teams across group companies and works closely with business heads to optimize business value and revenue generation.

 

He has been a core member of the group’s business strategy team and through his decade-long stint has been responsible for providing operational leadership and enabling stellar organic growth across the group’s market leading brands. Mr Sai Kumar has also played an integral role in the various inorganic forays of the group across business verticals.

 

Prior to joining the Network18 Group, he was with The Times of India Group, where he worked with Times Music, Times Retail and Times FM. He holds an MBA in Marketing and an undergraduate degree in Statistics.

 

Adds a communique from Network 18:

In his new role, Sai kumar will be responsible for the strategic and operational management of the Network18 Group. He would have direct responsibility of the Group’s News, Web, Publishing, Factual Entertainment and allied businesses which would include the IBN General News Network, CNBC TV18/ Awaaz Business News Network, Web18, Yellow Pages, Forbes India, AETN18 and the niche magazine stable among others.

 

Sai kumar will also shortly be joining the Boards of Viacom18 and HomeShop18. The current CEOs and Management Teams of Viacom18 and HomeShop18 will continue to report to their respective Boards. Raghav Bahl, Founder and Editor of Network18 is expected to step up engagement with the Management Teams of Viacom18 and HomeShop18 and Sai kumar will be working closely with him on both of these businesses.

 

Earlier, as Group COO, Sai kumar was responsible for leading management teams across Group companies apart from being a core member of Network18’s Business Strategy Team. Through his decade long stint, he has been responsible for providing operational leadership and enabling stellar organic growth across the Group’s market leading brands. He has also played an integral role in the various inorganic forays of the Group across businesses.

 

On this announcement, current Group CEO, Haresh Chawla, said -“I am absolutely delighted to handover the mantle to Sai, who has worked very closely with me for over a decade, as we built the Network18 franchise. He has seen the Network grow from its very early days across various businesses, which has given him a width of experience that is tough to find in the media business. He is an accomplished leader and a true people’s person and I have no doubt that he’ll take the legacy forward to even greater heights. I will always be available to him as a friend and mentor and wish him success. ”

 

Sai kumar added “It’s an honour to lead this world-beating team at Network18. The next phase of growth promises to be exciting and I look forward to it. Building upon the inspiring legacy left behind by Haresh, we have some very ambitious dreams for the future and we intend to see each one of them fulfilled.”

 

Sai kumar will be reporting into Founder and Editor, Raghav Bahl in this new capacity.

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One response to “Sai Kumar to replace Haresh Chawla as Network 18’s Group CEO”

  1. bkchowla says:

    Sai Kumar,you could do agreat service to us.Create an atmosphere where e begging to trust your channel.I hope you realise how fed up is viewer on biased reporting