Dinesh Wadhawan has stepped down as the MD and CEO of Times Internet Ltd. (Indiatimes), reports Medianama.com. The move is not unexpected as the talks of him quitting the firm had been surfacing for a few months. The reports also says that Sunil Rajshekhar, who had helped set up Indiatimes had been appointed as the president and COO of the company last to eventually take over from Wadhawan. Times Internet is a subsidiary of Bennett, Coleman & Co. Ltd (BCCL).
G Subramaniam, CFO, BCCl is also leaving the firm. He may soon join another media company. Previously, he was the CFO at Star India Pvt. Ltd and has also worked as Group CFO at Aircel and CFO at BPL Mobile
Content Sutra reports that Wadhawan is planning to float his own venture after spending a month with his family in the US. Wadhawan had joined Indiatimes in 2006 when he took over from Mahendra Swarup, who was then the CEO and MD of the company. Wadhawan has over 28 years of experience in the industry. Prior to joining Indiatimes, he was with the Tools and Devices division of Microsoft in USA. Before that he was President and CEO of Paramark Inc.