MUMBAI: The news came as a shocker to many. After 15 years with the Network18 group and CNBC TV18, managing editor Udayan Mukherjee has decided to step aside from his full time role, giving way to executive editor Shereen Bhan, who will step into his shoes and manage the channel on a day to day basis from 1 September 2013.
Udayan, who apart from working on the daily business news bulletin, anchors live market shows like Bazaar Morning Call and other daily and weekly shows like Corporate Radar and Taking Stock, will, however, continue to work with CNBC TV18 in an advisory and consultative capacity.
A release issued by Network18 stated that Udayan "has been facing issues of professional exhaustion."
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Udayan Mukherjee will continue to work exclusively with CNBCTV18 in a consultative capacity
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The reasons for his decision are entirely personal; Udayan pointed out that he wants to devote more time to other pursuits. And confirming the Network18 statement on his exhaustion Udayan said in the release: "..the responsibility of running the channel has become repetitive and I had a difficult time motivating myself to continue. At this stage of my life I need to devote more of my time to other personal passions and interests.I wish the new editorial leadership team the very best and will try, in my limited way, to contribute to its success.
The senior Network18 management showered praise on Udayan even as he announced his decision. Network18 founder & editor Raghav Bahl and group CEO B. Sai Kumar both said that Udayan has ably led the team to many successes and has helped make CNBCTV18 a benchmark in business news. Said Bahl: "Shereen has all the skills and experience to take this mantle forward and we look forward to her leadership.” Added Sai Kumar: "In Shereen we entrust the task of leading CNBC-TV18 onto new levels of growth and leadership... look forward to his (Udayan's) new role with us."
(Updated 10:42 pm, 10 July 2013)
The Twitterverse was buzzing with tweets at the time of the announcement. Here's some of them which were on the button and those which were not:
