MUMBAI: CA Media, LP, the Asian investment arm of The Chernin Group; LLC (TCG) has announced the appointment of Rishi Negi as executive vice president, Investee Operations.
Negi will be leading operations of the investee and incubated businesses in India. His core responsibilities will be identifying and managing growth opportunities in media, entertainment and technology business across the country.
The investment arm of CA Media in India is headed by Vivek Raicha. Now, Negi and Raicha both will be reporting to CA Media India CEO Rajesh Kamat.
During his eighteen years stint in strategy, business and operations at leading companies in India, Negi has worked with Reliance Group as a business head of Quick Service Restaurants (QSR). Prior to that, He served as COO of Fame Cinema‘s Multiplexes and Pizza Hut restaurants where he was instrumental in the planning, development and operations management with direct P&L responsibilities. In his earlier outing, he also worked with the Taj Group of Hotels for ten years. Negi is a graduate in Hotel Management with additional studies completed under the general management program from IIM, Bangalore.
Talking about the appointment, CA Media India CEO Rajesh Kamat said, "We are happy to have Rishi on board to lead the operations end of our diversified portfolio of operating assets, which include Endemol, Only Much Louder, Graphic India and Fluence. Throughout his career, Rishi has earned distinction for out-of-the box thinking and driving organisations forward with world-class benchmarks, ideas and execution. While Rishi‘s key area of focus will be planning, development and operations management, we will also be leveraging his expertise in evaluating investment opportunities in the fast-growing consumer retail entertainment business. We welcome him to the CA Media team and look forward to benefiting from his talent and experience."
Negi added, "I am excited about my new role at CA Media India. In a short time, they have already acquired significant stakes and have partnered in the success of their investee and incubated businesses, in both the traditional and digital domains. I look forward to joining this team of extremely talented people and establishing new partnerships while growing and driving forward existing ones."
CA Media was founded by chairman Peter Chernin and CEO Paul Aiello. The Chernin Group manages, operates and invests in media‘s business, entertainment and technology sectors. The other arm of CA Media, Chernin Entertainment produces feature films and television programs. In the beginning of this year, the company has acquired 49 per cent stake in Endemol India.
