ITV

Tag: CFO

  • ChyronHego appoints Neil Foster as COO and CFO

    ChyronHego appoints Neil Foster as COO and CFO

    MUMBAI: With an aim of continuing its global growth both organically and through acquisitions, ChyronHego’s has appointment Neil Foster as chief operating officer and chief financial officer. Foster will be based at the ChyronHego headquarters in Melville, New York reporting directly to the company’s president and CEO Johan Apel.

    “We’re very privileged to welcome Neil to our senior management team as we continue to deepen and scale our operations in support of our continued expansion in global markets,” said Apel. Adding further, “With his rich experience in executive-level management at high-profile, global enterprises, Neil will play a valued leadership role in our rapidly growing company.”

    Foster brings to ChyronHego more than 25 years of executive experience in various strategic, operational, financial, and corporate development roles at the nexus of media, technology, and entertainment.

    “I am thrilled to join ChyronHego and Johan’s team at this exciting time in the company’s evolution,” Foster added. “With innovative products and services that empower graphics and data for the broadcast and sports industries, ChyronHego is well-positioned as a leader in one of technology’s most attractive vertical markets for software applications. I’m looking forward to applying my strategic, operational, and financial expertise to help ChyronHego create value for shareholders.”

    Prior to joining ChyronHego, he served as executive vice president, operations, for Take-Two Interactive Software Inc. He has also held a number of roles in the recorded music business, including executive vice president, finance and operations, for the Columbia/Epic Label Group of Sony Music Entertainment, and co-president of Sony Music Entertainment Canada. Foster’s early career included positions at McKinsey & Company Inc. and PricewaterhouseCoopers.

  • Top-level changes at Shop CJ; CEO Kenny Shin to head back to Korea

    Top-level changes at Shop CJ; CEO Kenny Shin to head back to Korea

    MUMBAI: Home shopping ain’t an easy business. Definitely not in India. Ask Shop CJ CEO Kenny Shin. The South Korean is slated to catch a flight back to his home country very soon after serving four years and one month at the joint venture between the South Korean home shopping major CJ O Shopping and P5 Asia Holding Investments (Mauritius) Ltd (which belongs to the Providence Equity Partners group). 

    Shin calls his movement back to South Korea a routine transfer. “This is something which happens  with our South Korean parent,” he told indiantelevision.com late on the night of 11 March. “We are rotated around in our various operations world wide.”

    A source, however, had informed indiantelevision.com earlier in the day that Shin was actually shown the door by the company’s board. Along with him, the company CFO Ramakrishnan N was also asked to quit.

    “After reviewing last year’s performance during its board meeting today, the company has decided to sack two senior officials for having a non-performing year,” the source told us. “Its performance has fallen 32 per cent compared to last year.”

    However, Shin repeatedly denied that anyone was being booted out. “It is a routine transfer, that is all it is. No decision has been taken about our CFO as yet,” he stated. “We will be issuing an official statement tomorrow.”

    Indiantelevision.com, however,  managed to get hold of the official communication circulated to Shop CJ employees which has something else to say:  “Mr. N. Ramakrishnan (Ram) has decided to step down as CFO of the Company to pursue other interests. While as CFO, Ram helped the Company establish effective financial systems and controls, and we thank him for his leadership and contribution to the Company, and wish him the best in his future endeavors. The Board has initiated a search to fill the role of CFO for ShopCJ. The changes above are effective immediately.”

    Shin joined the company in February 2012, from CJ O Shopping, the Korean conglomerate, where he was in a key leadership role, having been with the company since 2002.

    Company officials, however, reached out to indiantelevision.com once again in late May 2016 insisting that there was no sacking at all in March. A senior official stated that Ramakrishnan’s departure was entirely his decision and Shin’s return to South Korea was simply routine in the larger scheme of CJ O Shopping’s management initiatives.

    Shop CJ was earlier a joint venture between CJ and broadcast giant Star India. The latter moved out of the partnership and from the home shopping business and in 2015 the channel was re-branded as Shop CJ.

    (Earlier posted on 11 March 2016 at 7:43; updated at 11:50 pm; updated on 31 May 2016 at 12:43 am)

  • Top-level changes at Shop CJ; CEO Kenny Shin to head back to Korea

    Top-level changes at Shop CJ; CEO Kenny Shin to head back to Korea

    MUMBAI: Home shopping ain’t an easy business. Definitely not in India. Ask Shop CJ CEO Kenny Shin. The South Korean is slated to catch a flight back to his home country very soon after serving four years and one month at the joint venture between the South Korean home shopping major CJ O Shopping and P5 Asia Holding Investments (Mauritius) Ltd (which belongs to the Providence Equity Partners group). 

    Shin calls his movement back to South Korea a routine transfer. “This is something which happens  with our South Korean parent,” he told indiantelevision.com late on the night of 11 March. “We are rotated around in our various operations world wide.”

    A source, however, had informed indiantelevision.com earlier in the day that Shin was actually shown the door by the company’s board. Along with him, the company CFO Ramakrishnan N was also asked to quit.

    “After reviewing last year’s performance during its board meeting today, the company has decided to sack two senior officials for having a non-performing year,” the source told us. “Its performance has fallen 32 per cent compared to last year.”

    However, Shin repeatedly denied that anyone was being booted out. “It is a routine transfer, that is all it is. No decision has been taken about our CFO as yet,” he stated. “We will be issuing an official statement tomorrow.”

    Indiantelevision.com, however,  managed to get hold of the official communication circulated to Shop CJ employees which has something else to say:  “Mr. N. Ramakrishnan (Ram) has decided to step down as CFO of the Company to pursue other interests. While as CFO, Ram helped the Company establish effective financial systems and controls, and we thank him for his leadership and contribution to the Company, and wish him the best in his future endeavors. The Board has initiated a search to fill the role of CFO for ShopCJ. The changes above are effective immediately.”

    Shin joined the company in February 2012, from CJ O Shopping, the Korean conglomerate, where he was in a key leadership role, having been with the company since 2002.

    Company officials, however, reached out to indiantelevision.com once again in late May 2016 insisting that there was no sacking at all in March. A senior official stated that Ramakrishnan’s departure was entirely his decision and Shin’s return to South Korea was simply routine in the larger scheme of CJ O Shopping’s management initiatives.

    Shop CJ was earlier a joint venture between CJ and broadcast giant Star India. The latter moved out of the partnership and from the home shopping business and in 2015 the channel was re-branded as Shop CJ.

    (Earlier posted on 11 March 2016 at 7:43; updated at 11:50 pm; updated on 31 May 2016 at 12:43 am)

  • Hathway Cable & Datacom promotes Vineet Garg as CFO

    Hathway Cable & Datacom promotes Vineet Garg as CFO

    MUMBAI: Hathway Cable & Datacom has promoted Vineet Garg as chief financial officer (CFO) with effect from 12 February.

    The appointment comes in the wake of the retirement of Hathway’s erstwhile CFO G Subramaniam. With an experience of more than 30 years, Subramaniam joined Hathway as CFO in 2010.  

    On the other hand, Garg joined Hathway in June 2014 as deputy CFO and was responsible for complete finance function of the listed company, account preparation, finalisation, revenue assurance and accounting.

    Prior to joining Hathway, he worked as national head – life cycle management of wireless operation for Reliance Communication.

  • Hathway Cable & Datacom promotes Vineet Garg as CFO

    Hathway Cable & Datacom promotes Vineet Garg as CFO

    MUMBAI: Hathway Cable & Datacom has promoted Vineet Garg as chief financial officer (CFO) with effect from 12 February.

    The appointment comes in the wake of the retirement of Hathway’s erstwhile CFO G Subramaniam. With an experience of more than 30 years, Subramaniam joined Hathway as CFO in 2010.  

    On the other hand, Garg joined Hathway in June 2014 as deputy CFO and was responsible for complete finance function of the listed company, account preparation, finalisation, revenue assurance and accounting.

    Prior to joining Hathway, he worked as national head – life cycle management of wireless operation for Reliance Communication.

  • Intelsat CFO Michael McDonnell resigns; to join Quintiles

    Intelsat CFO Michael McDonnell resigns; to join Quintiles

    MUMBAI: Intelsat S.A. chief financial officer (CFO) Michael McDonnell has resigned from the company.

     

    McDonnell is slated to leave mid-December 2015 and will join as executive vice president and CFO at Quintiles, which is a provider of product development and integrated healthcare services.

     

    Intelsat has commenced the process of an external search for a successor CFO.

     

    Intelsat CEO Stephen Spengler said, “Mike successfully led a number of strategic initiatives during his tenure at Intelsat, including our Initial Public Offering in April 2013 and the major reorganisation of our capital structure in 2011. We thank him for his contributions to Intelsat over the past seven years, and we wish him the best in his future endeavors.”

     

    At Intelsat, McDonnell served as CFO since 2008. Previously, he held CFO positions at MCG Capital Corporation and EchoStar Communications (formerly known as DISH Network Corporation). Earlier in his career, he was a partner at PricewaterhouseCoopers, LLP. McDonnell also served as a member of the board of directors of Catalyst Health Solutions, Inc., a publicly held pharmacy benefits management company. He earned a Bachelor of Science Degree in Accounting from Georgetown University and is a certified public accountant.

     

    On joining Quintiles, McDonnell said, “I’m looking forward to joining Quintiles and working with its talented leadership team and finance professionals. I’m excited to get started on enabling the company’s continued growth and opportunity.”

  • Den Networks appoints Manish Dawar as Group CFO

    Den Networks appoints Manish Dawar as Group CFO

    MUMBAI: Multi system operator (MSO) Den Networks has appointed Manish Dawar as its group chief financial officer (CFO) as the company steps up its transformation into a diversified B2C enterprise.

     

    Dawar joins Den from the Vedanta Group where he served as CFO for Konkola Copper Mines since September 2012.

     

    He has occupied board level positions since 1997 and has extensive experience ranging from start-ups to turnaround environments, listed and private companies, change management, dealing with regulators and corporate governance amongst others areas.

     

    Den chairman and managing director Sameer Manchanda said, “It is our pleasure to welcome a veteran professional like Manish in our fold. His rich experience with some of the world’s largest consumer goods companies will be invaluable as Den embarks on a trajectory of rapid growth in digital cable, broadband internet and new initiatives and transforms itself into a B2C brand.”

     

    He is a qualified Chartered Accountant and Company Secretary with over two decades’ experience in various senior level finance and business roles primarily in consumer oriented companies. He has served across geographies covering both India and global markets.

     

    Dawar has spent over 10 years at Reckitt Benckiser, a diversified multinational consumer goods company operating in the health, hygiene and home products segments, where he was the senior vice president – group controller based out of the company’s corporate headquarters in the UK. Prior to this, he served as the regional finance director for Reckitt’s South Asia business and the CFO and company secretary for its Indian operations.

     

    Before this, he spent nearly seven years at Reebok where he served as country manager and was responsible for the launch of the Rockport brand in India and South Asia. He also served as the CFO and company secretary for Reebok in India following a stint as regional controller for Reebok’s New Markets region. He started his career at Hindustan Unilever where he spent over five years in various roles.

  • Eros International appoints Dinesh Modi as India CFO

    Eros International appoints Dinesh Modi as India CFO

    MUMBAI: Eros International Media’s group chief financial officer (CFO) Kamal Kumar Jain has quit the company. An announcement to the Bombay Stock Exchange states that Dinesh Modi has been appointed as the new group CFO for India.

     

    Modi has had an experience of over 15 years in finance while Jain had been associated with Eros since 2010. “Kamal was a valuable member of our team and we wish him all the best for his future,” states the BSE statement adding that he will be moving on to pursue his other interests.

     

    Kamal has 17 years of experience and has worked with DNA, Percept Group and Ciba Specialty. Modi was senior VP- finance and operations at Prana Studios and has also worked with companies such as WNS, BearingPoint, MC Dean and Gujarat Guardian.

  • Sun TV Network signs ‘pay per view’ deal with iTunes and YouTube

    Sun TV Network signs ‘pay per view’ deal with iTunes and YouTube

    MUMBAI: In a major initiative, the south Indian broadcasting giant Sun TV has signed a mega deal with YouTube and iTunes to monetise its vast content libraries. The group’s proprietary content will be available to people across the globe on a ‘pay per view’ basis.

     

    “Sun TV has a wide ranging repertoire of content, with its channels offering almost every genre of entertainment with the exception of sports and business news,” Sun TV group CFO SL Narayanan told indiantelevision.com. He also added that a total of more than 25,000 hours of content would be available for viewing on both the platforms.

     

    In a growing internet world, Sun TV is looking at creating a mark for itself through its variety of programming.

     

    “This initiative positions Sun TV very well and much ahead of the shifts anticipated in buyer behavior with regard to consumption of entertainment services. More and more people are accessing content through mobile devices while on the move and over the internet. We believe that the revenues from these new formats could accelerate rapidly once smart phone penetration picks up in India,” says Narayanan.

     

    Apart from these two distribution platforms, Sun TV has also inked a deal with Mumbai based Purple IFE to license its popular Tamil, Kannada, Malayalam and Telugu programmes as in-flight entertainment on leading airlines such as Emirates, Singapore Airlines, Air India, Etihad, Jet Airways, Oman Air, British Airways, Cathay Pacific, Gulf Air and Qatar Airways.

     

    The broadcaster says these airlines carry a lot of south Indians who would consume its content.

     

    According to industry sources, the network would be looking at making approximately Rs 15 to Rs 20 crore through both the deals depending upon the kind of content that it offers to viewers  and its currency.

     

    “What’s called as catch up TV – which is episodes being uploaded as soon as they go on air – has good revenue generating potential as compared to catalogue content which adds to the volumes,” says a media observer. “Many of the TV shows are available on torrent sites online at no cost, which viewers download and watch. Sun TV can optimise its revenues on Youtube if it can attract viewers to its legitimate content – and away from these torrent sites.”

  • HUL reshuffles Board of Directors

    HUL reshuffles Board of Directors

    MUMBAI: The biggest Indian consumer goods company, Hindustan Unilever Limited (HUL) has announced the appointment of Sridhar Ramamurthy, presently, executive director Finance & IT and CFO of HUL, as senior vice president Finance for the Global Markets.

     

    He will be part of the Global Markets Executive of Unilever and based in London.

     

    The present Unilever Americas Supply Chain Company Finance vice president PB Balaji will succeed Sridhar as executive director Finance & IT and CFO of HUL. He will join the Board of Directors of HUL and will be part of the Management Committee of HUL.

     

    The appointment was approved by the Board of Directors of HUL, today, after the Nomination & Remuneration Committee recommended his name to the Board. The appointment approved by the Board is subject to such statutory approvals as may be applicable.

     

    Balaji had joined HUL in May 1993 and has worked in different roles in the company. Prior to moving to Unilever in 2011, Balaji was HUL Home & Personnel Care business Finance VP.

     

    The changes are effective from July 1, 2014.

     

    The Board places on record its appreciation for the contribution made by Sridhar Ramamurthy.