From yesterday: Sudhanshu Vats resigns as Group CEO & MD. Rahul Joshi to take charge

14 Apr,2020

By A Correspondent

 

 

Sudhanshu Vats

Rahul Joshi

Sudhanshu Vats, Group CEO and MD of Viacom18, has decided to move on from Viacom18 after eight years at the helm. In his tenure, the network grew from a six-channels to a 54-channel one,, with a strong regional and digital presence. Rahul Joshi, Managing Director of the Network18 group of which Viacom18 is a subsidiary, will take charge. The leadership team will will continue to manage their respective verticals under Joshi’s leadership. Vats will be serving till tomorrow, April 15, 2020.

 

Speaking on the development, Adil Zainulbhai, Chairman of the Board, Network18 said, “Sudhanshu is a dynamic and admired leader in corporate India today. Not only has he led from the front in shaping up Viacom18’s growth story, he has also championed the cause of the sector at the various industry bodies that he has captained. While we are sad to lose him, it is equally reassuring to know that we have a strong second line that’s raring to go. I’d like to wish Sudhanshu all the very best for his future endeavours.”

 

Added Vats: Speaking about his journey at Viacom18, Sudhanshu Vats said, “It has been an extremely challenging and satisfying 8 years at the helm of Viacom18. I have had the privilege of working with some of the best minds in M&E industry to chart the growth story of Viacom18. We have together built one of the most admired media company of brilliant storytellers with diversified presence across screens and platforms. As I look forward to taking up newer challenges, I shall always cherish the learnings in leading India’s youngest and fastest-growing media and entertainment company.”

 

According to sources, Zainubhai wrote a mail to Viacom18 employees in the evening after which the media was informed. “Sudhanshu has built a distinct culture at Viacom18 – one that marries creativity to structure and forments a strong sense of employer brand affinity. This is evinced by the long service records of many of our employees as well as through the growth of our leaders.”

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