Network18 Media & Investments Ltd, now controlled by Mukesh Ambani-led Reliance Industries, has appointed A P Parigi as its new chief executive officer (CEO). His appointment will be effective from January 29, 2015.
He takes over a position vacated last May when B Sai Kumar, who took over as group CEO of Network18 from Haresh Chawla in late 2011, put in his papers. This was right ahead of a formal takeover of Network18 by Reliance Inds.
Like Sai Kumar, who joined Network18 Group moving from media giant Bennett Coleman & Co Ltd (BCCL), Parigi also happens to be a long timer with BCCL.
Parigi last served as MD and CEO of Radio Mirchi, the private FM radio channel run by a BCCL group firm.
“Parigi has built a raft of customer-facing brands, technologies, businesses and management teams. His wisdom and leadership are sure to take N18 to the next level,” said Adil Zainulbhai, chairman Network18.
Parigi is an alumnus of the Delhi School of Economics, and holds an MBA from FMS, Delhi.
(Edited by Joby Puthuparampil Johnson)