Face of CNBC TV18 Udayan Mukherjee steps down. Will continue, but Shereen Bhan to be Managing Ed

11 Jul,2013

By A Correspondent

 

Udayan Mukherjee

Udayan Mukherjee, Managing Editor, CNBC-TV18 has decided to step down from his full-time role, after 15 years of service with the group. “The reasons for this change are entirely personal,” notes a communiqué from Network 18 sent to the media. “Udayan has been facing issues of professional exhaustion and wants to devote more time to other pursuits of personal interest. However, he will continue his exclusive association with the group, albeit in a contributory and consulting role, through a mix of events, shows and appearances, even as he relinquishes his daily responsibilities.” Shereen Bhan, Executive Editor, CNBC-TV18 will take over responsibility of the day-to-day operations of the channel as its Managing Editor from September 1.

 

Shereen Bhan

Widely regarded as the face of the channel given that he anchors its widely watched stockmarket coverage, a media planner who spoke to us on conditions of anonymity said it would be too early to say that Mr Mukherjee irregular presence will impact CNBC-TV18 much. He is not moving to another network so there is no fear on that score, the planner told MxMIndia.com.

 

Speaking on the development, Raghav Bahl, Founder & Editor, Network18 said “Udayan has contributed to the emergence of CNBC-TV18 as a benchmark in business news since its formative years. He has ably led the team to many successes and we wish him the very best in his new avatar at CNBC-TV18. Shereen has all the skills and experience to take this mantle forward and we look forward to her leadership.” Added B Sai Kumar, Group CEO,Network18: “Udayan has been instrumental in making CNBC-TV18 the success it is today. We thank him for his invaluable contribution and look forward to his new role with us. In Shereen we entrust the task of leading CNBC-TV18 onto new levels of growth and leadership”

 

Commenting on the transition, the 41-year-old Mr Mukherjee said: “I have had a rewarding and enriching 15-year stint with Network 18, but of late the responsibility of running the channel had become repetitive and I had a difficult time motivating myself to continue. At this stage of my life, I need to devote more of my time to other personal passions and interests.”

 

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