The Network18 Group has announced the appointment of B. Saikumar as its Group Chief Executive Officer. Haresh Chawla, outgoing Group CEO today announced that B Saikumar will succeed him as a Group CEO. Prior to this, Saikumar, was serving as COO of the group.
In his new role, Saikumar (37) will be responsible for the strategic and operational management of the Network18 Group that includes news, web and publishing. IBN General News Network, CNBC TV18/Awaaz, WEB18 and Forbes and the niche magazines will come into his portfolio.
According to company statement, Saikumar will shortly join the Boards of Viacom18 and HomeShop18. The current CEOs and Management Teams of Viacom18 and HomeShop18 will continue to report to their respective Boards. Raghav Bahl, Founder and Editor of Network18 is expected to step up engagement with the Management Teams of Viacom18 and HomeShop18 and Saikumar will be working closely with him on both of these businesses.
Earlier, as Group COO, Saikumar was responsible for leading management teams across Group companies apart from being a core member of Network18’s Business Strategy Team. Through his decade long stint, he has been responsible for providing operational leadership and enabling stellar organic growth across the Group’s market leading brands. He has also played an integral role in the various inorganic forays of the Group across businesses.
Speaking on Saikumar’s appointment as Group CEO, Haresh Chawla, said –”I am absolutely delighted to handover the mantle to Sai, who has worked very closely with me for over a decade, as we built the Network18 franchise. He has seen the Network grow from its very early days across various businesses, which has given him a width of experience that is tough to find in the media business. He is an accomplished leader and a true people’s person and I have no doubt that he’ll take the legacy forward to even greater heights. I will always be available to him as a friend and mentor and wish him success. ”
Saikumar will be reporting into Founder and Editor, Raghav Bahl in this new capacity. Prior to joining the Network18 Group in 2000, Saikumar was with the Times of India Group, where he worked with Times Music and Times FM.