Network18's Group CEO B.Saikumar calls it quits!

In one of the most important movements in the media industry, B. Saikumar, the current Group CEO at Network18 has called it quits.

Sources close to the development have informed Adgully that Saikumar has shared this news via an internal mail, which read:

In my innings here, I've received countless such goodbye emails and I've only always hoped that the person leaving goes out into the world with good things to say about the people we are and the way we work and the culture we nurture. As I write this today, I know that I have been part of something incredible. I thank all of you for pitching in so wholeheartedly into the building of this place - from news to entertainment to our digital and print operations, our diversity was held together by one common theme and that was the creative rigour, hard work and passion of all of you. And that's the single inspiration I will hold dear and take with me....of course, with your permission! None of what we've achieved today would have been possible without Raghav's vision, guidance and unwavering support. Thank you Raghav.

So this is me, saying goodbye and going out into the world with great things to say about the people you are and the place you've built and will continue to...”

It may be recalled that B. Saikumar was appointed as the Group CEO at Network in 2011 taking over from Haresh Chawla. In that role, Saikumar was responsible for the strategic and operational management of the Network18 Group. He held direct responsibility of the Group's News, Web, Publishing, Factual Entertainment and allied businesses which would include the IBN General News Network, CNBC TV18/ Awaaz Business News Network, Web18, Yellow Pages, Forbes India, AETN18 and the niche magazine stable among others. 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.

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.

Though Saikumar’s next destination is unknown yet, we at Adgully wish him luck for his future endeavours.