Network18 has announced reconstitution of two senior level management positions. The company's focus at the moment seems its Web and mobile businesses, as well as digital convergence.
Lakshmi Narasimhan - who headed the responsibility of the company's publishing and printing operations business, Infomedia18 till recently - has been named the CEO of Web18, which covers the entire Web and mobile business.
Narasimhan has more than 14 years of experience in media buying, revenue management and business development. He has also headed Central Trading Group, the media buying arm of GroupM in India.
Surya Mantha who was the CEO of Web18, will now take care of convergence initiatives at Network18. Looking after the convergence department as executive director, Mantha's duty will be to unlock value by leveraging the digital and community building opportunities around the company's television and print trademarks.
Mantha, whose work under the Network18 umbrella includes TV18, IBN18 and Infomedia18, will now look after the new convergence initiatives.
Haresh Chawla, Group CEO, Network 18, states in an official communiqué, "The reconstitution at the management level is happening with an aim to establish independent focus on the fast-expanding web and mobile business and concentrating on the offline media assets to leverage digitally. Web18 is a milestone for the company and we are glad that Lakshmi will be heading it."