Network18 has appointed A P Parigi as its Group CEO, effective from January 29, 2015. He will be taking from B Saikumar who had quit the company along with Network18 group COO Ajay Chacko and Network18 group CFO RDS Bawa, just prior to the RIL acquisition in May this year and will be based in Mumbai.
Prior to this, Parigi was the Managing director and CEO of ENIL (Radio Mirchi). He was also serving as the Executive Vice Chairman of Times Innovative Media Limited (Times Out Of Home) and was an independent director at Times Global Broadcasting (Times Now) and Zoom Entertainment Network. Network18 says that Parigi also oversaw Times Group’s Internet businesses, specifically Times Internet & Times Business Solutions.
Parigi’s also worked as Managing Director & Group CEO of Eros Media International and as the CEO of BPL Mobile Communications (now Loop Mobile). He has over 40 years of experience across sectors including infrastructure, telecommunications, media and entertainment.
Management changes at Network18
Earlier in November, Network18 had also appointed Hariharan Mahadevan as its CFO. It had also appointed Kshipra Jatana as the company manager. Former Zee Media CEO Alok Agrawal was also appointed as Network18 group COO, after he had joined Reliance Industries in May this year.
Network18 has also witnessed quite a few exits from its management following Reliance Industries acquisition in May 2014. Network18 Digital CEO Durga Raghunath had quit in July this year, while Moneycontrol CEO Joyson Thomas and IBNLive & CricketNext head Arunava Sinha had quit a month later.
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, but continues as a non-executive director on the company board. He is currently building a digital news business called Quintillion Media with mostly former Network18 staffers.