Selvaraj and Indranil Roy of the Outlook Group have been promoted as presidents. Earlier, both of them held the position of vice-president. Both have been with the Outlook Group for the last 10 years.
Elaborating on the specific roles assigned to both, Peri says, "In their new roles, they have to take on more responsibility in generating profits for the group. Routine chores of a daily nature that I have been doing will now have to be shared by both of them. At the same time, they will continue to pursue their current responsibilities and duties as they are."
Currently, Selvaraj is in charge of Outlook, Outlook Saptahik and Marie Claire. Roy, who is based in Mumbai, looks after Outlook Money, Outlook Business and Outlook Profit.
Peri adds, "Last year has been a year of tremendous growth for the group. This year will be even bigger as a number of new magazines with national and international tie-ups are being launched."
The Outlook Group will soon launch People magazine under licence from Time Inc. Earlier, the group had announced the launch of GEO under licence from Gruhner & Jahr, the largest magazine publisher in Europe.