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Network18 appoints Ajay Chacko as Chief Operating Officer

Chacko will support management teams and leaders across functions in leveraging the network’s diverse strengths. He has also been entrusted with the role of being the custodian of ‘Brand Network18’

BestMediaInfo Bureau | Delhi | May 14, 2013

Ajay Chacko

Network18 Group has elevated Ajay Chacko as COO. This appointment is aligned with the group’s plan to strengthen its central management structure in order to accelerate growth and furthering the synergies between businesses. Chacko has been with the group for over 9 years and is currently President of A+E Networks I TV18, the joint venture between A+E Networks, USA, and TV18. He will continue to hold responsibility for the JV.

As one of India’s leading full play media groups, Network18 is focused on leveraging its cross-platform strength and bouquet of brands in a dynamic media landscape and Chacko’s elevation will supplement this effort.

In his new role, Chacko will actively support management teams and leaders across functions in leveraging the network’s diverse strengths, be responsible for creation and management of network-wide properties and institutionalise processes and models that unleash value across the group and its ventures. He is also mandated with strengthening the business planning and monitoring processes as well as other critical support and staff functions across the group.

Additionally, Chacko has been entrusted with the role of being the custodian of ‘Brand Network18’.

Raghav Bahl, Founder & Editor, Network18, said, “The dynamic nature of the media landscape in India today has necessitated the need to continuously evolve our internal operating environment to align with these changes. We have now embarked on a path of bringing together our various business units in order to successfully ride the opportunity wave and stay focused on returns to shareholders. In Ajay, we entrust the responsibility of strengthening our continued efforts to emerge as ‘one’ strong network. He has our best wishes and wholehearted support.”

B Sai Kumar, Group CEO, Network18, commented, “We’ve invested in and built a great set of brands across multiple platforms over the last decade. The network today straddles broadcast, e-commerce, digital content and niche print businesses. In the next phase of Network18, we intend to consolidate the strengths of each of these businesses across the network, extract value through unrelenting focus on internal assets and thereby better our offerings to external constituencies all around. Ajay has been key to the success of some of these businesses and in the new role, he will bring his expertise, foresight, operational and people skills to achieve what we’ve set out to accomplish.”

Chacko said of his new role, “We have been seen to be a diverse and talented set of people running some of the country’s most successful media brands. I hope to be able to supplement Sai’s efforts to help strengthen the collaboration between our various business units and functions with a view to improve financially as well operationally and emerge stronger as one network.”

In his earlier roles at Network18, Chacko has led many of the group’s businesses such as CNBC-TV18, CNBC Awaaz and Forbes India and has been instrumental in their ascendance as market leading media brands. Chacko has also led the group’s efforts in the business media domain as well as the successful launches of key digital properties of Network18. He has been responsible for the functioning of the JV between A+E Networks & TV18, now a key player in the Indian factual entertainment space with HistoryTV18 emerging as a top tier brand.

Prior to joining Network18, Chacko worked in financial services and media for over a decade. His earlier stints were with IL&FS (Infrastructure Leasing & Financial Services) and he has also been a part of the start-up team at Sharekhan. He started his career in the Indian Express Group where he worked in various capacities.

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