Network18 group CEO Sai Kumar quits after 14-year stint

B Sai Kumar, group CEO, Network18, is parting ways with the company after 14 years. A Network18 press release posted on the Bombay Stock Exchange announced his exit.

In the statement, Raghav Bahl, founder and editor, Network18, said, “It’s not been easy to describe Sai’s role and contribution to the Group. He has been one of the key pillars of the Network18 story. I am truly privileged to work with someone like Sai who has, I daresay, given the prime of his life to the growth and development of our baby called Network18, right from the days when it was a fledgling single channel operation to its evolution as one of India’s largest, most diversified and respected media companies. Needless to say, the Network18 family and I shall miss him dearly. But there comes a time in life when one takes a heed to one’s calling and I wish Sai all the best for that.”

Kumar added, “Network18 has been an extension of my family. I take with me very good memories and I will always cherish the time spent here. It has been a tremendous learning ground and I thank all my colleagues for the support, passion and hard work they brought to work every day. While all good things come to an end, I see it as a new beginning and I am positive and hopeful that Network18 scales new heights here on.”

Kumar started his career with the group in the sales function.

The Network18 statement added, “In his role as Group CEO, Sai charted out the company’s business turnaround and return to profitability.”