MUMBAI: In a significant development within the Indian media and entertainment ecosystem, R Venkatasubramanian has stepped down as the chief operating officer of Havas Play. His departure comes amid an ongoing internal restructuring at the agency, as confirmed by Havas Media Network India CEO Mohit Joshi.
“We are currently in the middle of a restructuring, but Venkat has decided to move on. I wish him all the best”, said Joshi in an official statement responding to the exit.
Venkatasubramanian’s association with Havas Media spanned over six years, during which he held multiple leadership roles including president – investments and Havas Play MD, and later elevated to COO of Havas Play in May 2024. Prior to this, he played key roles across Initiative Media, MPG, and Lintas Media Group, with a two-decade-long track record of building media investment strategies and driving business transformation.
His leadership tenure coincided with a period of rapid evolution at Havas Play, where the agency expanded its experiential, content, and sponsorship-led offerings. While the company has not named a successor, sources indicate that the restructuring may lead to a redefined leadership structure.
Venkatasubramanian’s departure adds to a string of high-level exits across India’s media-buying industry, as agencies increasingly reorient operations toward tech-first and performance-driven models.
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