Network18 Group CEO AP Parigi is moving to an advisory role in the group, Adil Zainulbhai, Chairman at Network18, has said in an email sent to the entire Network18 Group. Parigi moves to the advisory role from 1st October 2015. MediaNama has a copy of the email.
Parigi was appointed Group CEO of Network18 earlier this year – on January 29, 2015 – so this is a rather quick move for him. He had taken over after a management overhaul at Network18, after B Saikumar, Ajay Chacko, RDS Bawa and many other Network18 executives quit in 2014. In the email, Zainulbhai says that Parigi strengthened the management team and helped stabilize operations.
Prior to this appointment, Parigi had been the Managing director and CEO of ENIL (Radio Mirchi), which he had taken to an IPO. He had also been MD and CEO of Eros Media International, as well as the now defunct BPL Mobile Communications (later Loop Mobile).
Last month, Network 18 had hired Rahul Joshi,the editorial director of the Economic Times, as CEO of news and group editor-in-chief.