Rajan Srinivasan has put in his papers just seven months after he was appointed CEO of IBNLive at Network18’s web business Web18. During eight month stint with Web18, Srinivasan held a variety of mandates – before being appointed CEO of IBNLive, he was head of sales and marketing at Web18, before which he was head of sales at moneycontrol. Srinivasan has eighteen years of experience in the media industry, including nine in the digital space. Prior to joining Network18 in 2003, he had stints with the Indian Express, Sony Entertainment Television and BBC World.

We’ll try and get an update on his next move.

This also comes a couple of months after Web18 had layoffs, wherein about 50-70 people were asked to leave the company. IBNLive, then, was among the least affected Web18 operations.

The note that Web18 sent us on Srinivasan leaving:

RAJAN SRINIVASAN BIDS ADIEU TO WEB18

Rajan Srinivasan has decided to move on from his role as CEO, IBNLive. During his stint with Web18, Srinivasan managed a variety of mandates including head of sales for moneycontrol, head of sales and marketing for Web18 and CEO, IBNLive. He has been part of the core team that has helped build some of country’s leading digital brands like moneycontrol.com and IBNLive.com.

Speaking on this development, Lakshmi Narasimhan CEO, Web18 said “Rajan has been with our web business for over 8 years and has been a pillar of strength for our business. He has taken on every challenge we have thrown at him and has come out tops. He has been an integral part of our team and has made a big difference to us in many ways. I would like to wish him the very best in all his future endeavors.”

Rajan Srinivasan added “I am proud of what we achieved over the past many years at Web18. I am more than grateful for the immense support I’ve received from the Network18 team, our customers and our partners. Clearly, this is a rather emotional and tough call but I am happy to know that the Web18 suite of products are well positioned as well as future ready and wish them every success “.

Srinivasan has over eighteen years of experience in the media industry, including nine in the digital space. Prior to joining Network18 in 2003, he had stints with the Indian Express, Sony Entertainment Television and BBC World.