Mahadevan will be taking over from RDS Bawa who had quit the company along with Network18 group CEO B Saikumar and Network18 group COO Ajay Chacko just prior to the RIL acquisition in May this year. We’ve written to Network18 for more details on this and will update once we hear back.
Along with this appointment, Network18 has also appointed Kshipra Jatana as the company manager. Jatana was previously working as Network18’s group general counsel for the past two and half years. She was also the general counsel for Network18′s venture capital arm Capital18 for about three and half years.
Former Zee Media CEO Alok Agrawal was also appointed as Network18 group COO earlier this year, after he had joined Reliance Industries in May this year. (Also read: With changes at Network18, a look at Media execs who’ve joined Reliance Industries).
Network18 management exits
Following the Reliance Industries acquisition in May, Network18 has witnessed quite a few exits from its management. Network18 Digital CEO Durga Raghunath had quit in July this year, while Moneycontrol CEO Joyson Thomas and IBNLive & CricketNext head Arunava Sinha had quit in August this year.
Lakshmi Narasimhan, former Network18 CEO who had moved to a corporate role after Durga Raghunath had taken over his role in April this year, had quit the company to join the big data firm Crayon Data to head its “mobile and data transformation” offering.
Network18 founder Raghav Bahl had also resigned as the Managing Director in July this year, but continues as a non-executive director on the company board. Earlier this month, he launched a digital news business called Quintillion Media with mostly former Network18 staffers.