Campaign India Team
May 29, 2014

Network18 group CEO Sai Kumar quits after 14-year stint

The group confirmed his exit in a notification to the Bombay Stock Exchange

Network18 group CEO Sai Kumar quits after 14-year stint

B Sai Kumar, group CEO, Network18, is parting ways with the company after 14 years. A Network18 press release posted on the Bombay Stock Exchange announced his exit.

In the statement, Raghav Bahl, founder and editor, Network18, said, “It’s not been easy to describe Sai’s role and contribution to the Group. He has been one of the key pillars of the Network18 story. I am truly privileged to work with someone like Sai who has, I daresay, given the prime of his life to the growth and development of our baby called Network18, right from the days when it was a fledgling single channel operation to its evolution as one of India’s largest, most diversified and respected media companies. Needless to say, the Network18 family and I shall miss him dearly. But there comes a time in life when one takes a heed to one’s calling and I wish Sai all the best for that.”

Kumar added, “Network18 has been an extension of my family. I take with me very good memories and I will always cherish the time spent here. It has been a tremendous learning ground and I thank all my colleagues for the support, passion and hard work they brought to work every day. While all good things come to an end, I see it as a new beginning and I am positive and hopeful that Network18 scales new heights here on.”

Kumar started his career with the group in the sales function.

The Network18 statement added, “In his role as Group CEO, Sai charted out the company’s business turnaround and return to profitability.”

Campaign India

Related Articles

Just Published

1 day ago

IPG Mediabrands launches global ecommerce unit ...

In India Interactive Avenues - A Reprise Network Company will lead the ecommerce offering

1 day ago

Twitter ad revenue bolstered by return of events

Advertisers return to Twitter as product launches and live events begin to resurface worldwide.

1 day ago

Amazon triples net income, nears $100 billion in ...

International operations turned a profit of $407 million, while revenue for the company's 'other' category, which is mainly its advertising services, grew 50% year over year.

1 day ago

Facebook ad revenue boosted by commerce uptick

APAC led user growth, as Mark Zuckerberg said Facebook benefits from people and businesses "relying" on its platforms to stay connected and make money during Covid-19.