Soumen Ray takes over as Chief Financial Officer. Both the appointments have been made with effect from April 15, 2016
BestMediaInfo Bureau | Delhi | April 14, 2016
Viacom18 has announced the appointment of Narayan Ranjan to a new and strategic role of Chief of Staff - Viacom18. In his new role, Ranjan would be responsible for Mergers & Acquisition, Internal Audit, Internal Control as well as the Admin function while continuing work on improving group level governance.
Viacom18 has also promoted Soumen Ray as the Chief Financial Officer of the company. Ray joined as the Deputy CFO at Viacom18 in 2013 and has played a pivotal role in the companyâ€™s growth trajectory. Both the managerial changes have been made with effect from April 15, 2016.
Commenting on the management restructuring, Sudhanshu Vats, Group CEO, Viacom18, said, â€śWith a 30X growth in topline since inception, we are one of Indiaâ€™s fastest growing M&E companies. As we gear up for a more streamlined growth phase, it is imperative to align our corporate functions so that we can leverage both the experience and the expertise that our leaders possess. Ranjan, one of our more experienced and senior leaders, will now take on a more strategically aligned role that streamlines our business and administrative processes across the ever-growing brands of Viacom18. Ray, who as the Deputy CFO, has been pivotal in streamlining the networkâ€™s financial performance, will now take over as the Chief Financial Officer.â€ť
Ranjan had joined Viacom18 twelve years back to head the finance function after having successfully managed critical roles within the broadcast industry and outside and was part of the team that forged this JV back in 2007. He has been a recipient of numerous awards including the â€śCFO100â€ť awards in 2016 and 2015; winner of 100Â â€śMostÂ Influential CFOs in Indiaâ€ť award in 2015 and the â€śBest Finance Team of the Yearâ€ť award in 2015 by Chartered Institute ofÂ ManagementÂ Accountants.
With close to 2 decades of experience in financial planning, Ray had joined Viacom18 three years ago after successful stints at HUL, ITC and Eveready Industries. A Chartered Accountant by qualification, Ray has played a pivotal role in the networkâ€™s meteoric growth, over the last few years.