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Report on Shemaroo

Sun TV Network rejigs top level management

Kaviya Kalanithi Maran will be joining the board for five years.

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MUMBAI: Sun TV Network has been witnessing a top-level rejig, according to reports. R Mahesh Kumar, who currently serves as president, has been elevated as MD of the company, following the resignation of the network’s MD and CEO K Vijaykumar which is effective 31 March 2019.

However, K Vijaykumar will continue as the executive director of the board with effect from 1 April 2019. Additionally, the network’s chairman Kalanithi Maran’s daughter, Kaviya Kalanithi Maran, will be joining the board as additional director and she will remain on the board for five years starting 1 April.  

The company said in a filing to the BSE, “This is to inform you that the Board of Directors of the Company in its meeting held on 20th March, 2019 has appointed Mr. R. Mahesh Kumar as an Additional Director as well as Managing Director, Ms. Kaviya Kalanithi Maran as an Additional Director and Executive Director, Mr. Sridhar Venkatesh and Mr. Desmond Hemanth Theodore as an Additional Directors (Independent) with effect from 1st April, 2019 for a period of five years, subject to the approval of shareholders of the Company.”

The company added, “We affirm that Mr. R. Mahesh Kumar, Kaviya Kalanithi Maran, Sridhar Venkatesh, and Desmond Hemanth Theodore are not debarred from holding the office of director by virtue of any order of Securities and Exchange Board of India or any other authorities.”

It further stated, “Further, Mr. K. Vijaykumar, managing director and chief executive officer of the Company has resigned from the post of managing director and chief executive officer with effect from closing hours of 31 March 2019, however, shall continue as an executive director with effect from 1 April 2019.”

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