Shereen Bhan, executive editor, will take over the responsibilities of Mukherjee from September 1.
However, Mukherjee will continue his association with the group, albeit in a contributory and consulting role through a mix of events, shows and appearances.
Raghav Bahl, founder and editor, Network18, says, "Udayan has contributed to the emergence of CNBC-TV18 as a benchmark in business news since its formative years. He has ably led the team to many successes and we wish him the very best in his new avatar at CNBC-TV18. Shereen has all the skills and experience to take this mantle forward and we look forward to her leadership."
B Sai Kumar, group CEO, Network18, adds, "Udayan has been instrumental in making CNBC-TV18 the success it is today. We thank him for his invaluable contribution and look forward to his new role with us. In Shereen we entrust the task of leading CNBC-TV18 onto new levels of growth and leadership."
Talking about his move, Mukherjee says, "I have had a rewarding and enriching 15-year stint with Network18 but of late the responsibility of running the channel had become repetitive and I had a difficult time motivating myself to continue. At this stage of my life, I need to devote more of my time to other personal passions and interests. CNBC-TV18 has a very talented team in place which will ensure that the channel's high standards are maintained in the future. I wish the new editorial leadership team the very best and will try, in my limited way, to contribute to its success."