MTNL has appointed AK Garg as Chairman & Managing Director of the state owned telecom PSU, MTNL, reports PTI. Prior to the appointement, Garg was serving as Director (Human Resources) at BSNL. He takes over from Kuldip Singh, Director (Technical) who had been given the additional charge of CMD in January 2010, after RSP Sinha, the former CMD resigned. Garg has over 33 years of experience in telecom, and before joining BSNL, served as Chief General Manager at Kolkata Telephones.
The report points out that because of the absence of a full time CMD, MTNL was not able to take any major decisions. Garg joins in at a time when MTNL’s revenues have witnessed an Year on Year decline of 15.7%, losses are at an all time high of Rs 864 crore and the company’s income from basic services has declined significantly to Rs 679.66 crore, from Rs 900.94 crore that it recorded in the same quarter, last year.
TV Today Network, India Today’s TV arm that runs news channels Aaj Tak and Headlines Today, has informed the BSE that Joy Chakraborthy has been appointed as Chief Executive Officer of the company with effect from November 30, 2011. He was previously serving as Executive Director, Revenue & Niche Channels, at Zee Entertainment Enterprises Ltd (ZEEL). The appoinment follows the resignation of G Krishnan, the former Executive Director & CEO of TV Today, who had quit in September, after serving for 16 years.
Chakraborthy had joined Zee in March 2005 as head of ad sales. He has also worked with Star India and Times Group. His appointment was first reported by Best Media Info, which had cited a senior level source.