Satyen Gajwani to take over as CEO, TIL; Khiani moves on

Times Internet Ltd (TIL), has appointed Satyen Gajwani as CEO, replacing Rishi Khiani with immediate effect. The appointment was necessitated due to Rishi Khiani’s decision to step down and pursue opportunities outside of the company. He will however continue till August 2012 thereby completing his notice period and aiding smooth transition. Khiani joined Times Internet in 2009. Earlier, he was CEO at Web18. Prior to Web18 which was acquired by Network 18 group, Khiani founded and ran Web18.

 

Commenting on Rishi Khiani, Vineet Jain, Chairman TIL said in a statement, “Under Rishi’s leadership, the company has grown its user base by 150 per cent to 28 million users, has seen a significant growth in revenues and strategic properties like Gaana.com and the new Indiatimes.com. I thank Rishi for his contributions and wish him all the success in his entrepreneurial endeavours. I am pleased to name Satyen Gajwani as the new CEO of TIL. He would report to me”

 

The new CEO, Satyan Gajwani has been with group for over three and half years as the director, new media at BCCL. On his appointment, Satyan Gajwani said,  "We're sad to see Rishi move on, but excited for his future ahead. Indiatimes has made great progress under his leadership, and I'm excited to take it forward to new and bigger heights. These are big shoes to fill but with such a strong team in place, I'm sure we'll succeed."