SITI Networks Limited (NSE: SITINET) appoints Mr Rajesh Sethi as Executive Director and CEO as Mr V D Wadhwa steps down from his role as ED & CEO. The Management and the Board has requested Mr Wadhwa to help in smooth transitioning by being with Mr Rajesh Sethi over the next couple of months.
Mr. Rajesh Sethi has over 22 years of experience in varied industries like Media, Insurance and Automotive sector across India and South East Asia. Mr Rajesh Sethi joined Ten Sports (Taj Television - a then subsidiary of Zee Entertainment) in July 2013 as Chief Executive Officer, where he spearheaded the turnaround & divestment of Ten Sports from multi-year losses to a profitable entity and has placed the Distribution & Placement Business on a consistent growth path.
Before joining Zee Entertainment, Rajesh has been associated with large conglomerates like Tata, General Electric and Allianz with a proven track record of progressive leadership and entrepreneurial success. He specializes in enhancing Stakeholder value through large-scale Business Transformation, Leadership Development, Innovation, Organization change management and Customer strategies.
Rajesh completed his under graduation in Mechanical Engineering and received his Executive Education from Harvard Business School, Kellogg School of Management & INSEAD and is a GE certified Quality Green Belt.
Rajesh has been conferred with prestigious awards of "Rashtriya Udyog Ratna" by N.E.H.R.D.O. and "Global Indian Achievers Award for Business Excellence 2012" by Economic Development Forum.
Speaking on his tenure at SITI Networks, Mr. V D Wadhwa said, "It was one of my most satisfying career at SITI. Under the guidance of the Board, we have managed to establish SITI as one of the leading profitable players today. I thank the Board for the opportunity and wish Rajesh and his team all the success."
Commenting on his new role, Rajesh Sethi said "Post our very successful turnaround & divestment of Tensports and thereafter implementation of Digitisation of our broadcasting business, I am very excited to further transform our Delivery Platform with SITI Networks which has immense growth possibilities & opportunities. The sector is on the cusp of reinventing itself with smarter Business Models and ways of delivering & connecting to customers with varied products and services".
The Board placed on record its appreciation for the role played by Mr. Wadhwa during his tenure in turning around the business profitably and inculcating the highest ethical standards and professional work culture in the Company.
Report By: Anshul Gupta