Leadership changes at Web18

Joyson Thomas elevated to CEO, Moneycontrol.com, while Rajan Srinivasan becomes CEO, ibnlive.com

BestMediaInfo Bureau | Delhi | April 16, 2013

Web18, the digital content arm of Network18 and one of India's largest digital publishers, has strengthened its leadership structure by assigning new mandates to two key executives – Joyson Thomas and Rajan Srinivasan. Thomas, who was earlier COO at Web18, has now been entrusted the task of leading Moneycontrol.com as CEO. Srinivasan, who was serving as head of sales & marketing at Web18, will now take charge as CEO of ibnlive.com.

This move is part of Web18's progression towards a decentralised operating structure built around key strategic business units.

Moneycontrol.com is India's No.1 digital destination for financial news, information and advisory. It attracts over 15 million unique visitors every month across its web portal, apps and WAP services and over a million customers use its popular portfolio tool every day. Ibnlive.com is one of the country's most awarded general news and current affairs brands reaching over 9 million unique visitors every month.

Lakshmi Narasimhan, CEO, Web18, said, “At Web18, we have built some world-class digital brands which enjoy deep engagement across communities and stakeholders. We are now well-positioned to scale-up our leadership and this move is essential to achieving that objective. Moneycontrol has been central to our growth story and Joyson has been a force behind it since the beginning. His expertise will be critical in taking it to yet another benchmark in the financial space. Rajan has ably led our monetization and brand building effort and we're confident that he will now steer the ibnlive and digital news operations based in Delhi onto new successes”

Speaking on his elevation, Thomas said, “It's been a momentous journey so far and my experience with Moneycontrol has been intense and enriching over the years. I hope to bring it to bear as we thrust ahead and further strengthen its leadership. I look forward to working with the team to ensure we add new dimensions to Moneycontrol's growth path.”

Srinivasan commented, “ibnlive has led from the front as general news has rapidly evolved in the context of social media and mobile growth. The brand is at a very exciting juncture in its journey and I look forward to working with the team to ensure we succeed on all fronts.”

Thomas has over two decades of experience in the financial media and advisory space. He was one of the founding members of the Moneycontrol and has managed a variety of product and technology mandates at Web18 since 1999. Srinivasan has 18 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.

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