BL :CHENNAI, APRIL 21:2012
Mr Kalanithi Maran, founder of Sun TV Network, has stepped down as Managing Director of the company.
In a regulatory filing to the stock exchange, the company has said that its board of directors at a meeting, held yesterday, inducted Mr K. Vijayakumar into the board and appointed as Managing Director and Chief Executive Officer of the company, with immediate effect.
Mr R. Ravivenkatesh has also been inducted into the board as Non-Executive Independent Director of the company. However, the statement said that Mr Maran will continue as Executive Chairman of the company, and Ms Kavery Kalanithi will continue to be its Executive Director.
Mr C. Praveen, who is currently Senior Vice-President of the company, has been elevated as Chief Operating Officer of the company.
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