Earlier today, news media company NDTV informed the Bombay Stock Exchange (BSE) that its interim CEO, Suparna Singh, has decided to step down.
Its letter to the exchange stated, “Pursuant to a board resolution dated December 4, 2017, the board resolved to appoint Suparna Singh as its CEO subject to the receipt of requisite approval from the Ministry of Information and Broadcasting. This approval was promptly applied for on December 12, 2017, but has not yet been received.”
The letter signed by Shiv Ram Singh, Company Secretary and Compliance officer added, “Subsequently, Suparna Singh and the company entered into an appointment agreement to appoint Singh as the CEO where the appointment was conditional upon receipt of such approval. Accordingly, Suparna Singh has been acting as Interim CEO during this interregnum.”
Singh in her letter to the board of directors of NDTV informed that she is stepping down with immediate effect. She was announced as Group CEO, NDTV (now the company is calling it interim CEO due to pending approvals) in December 2017. By then she had already completed 25 years in the organisation. NDTV had stated announcing her appointment, “She has the highest-level experience in all aspects of NDTV functions: editorial in both TV and Internet, revenue and cost management. She has helped NDTV create and run a major new property in NDTV Convergence which is internationally recognised,” said NDTV’s letter to the stock exchange.”