STAR has had an interesting beginning to the New Year. Where on the one hand, rumours of STAR Group’s CEO, Peter Mukerjea, putting in his papers get stronger everyday with no action coming from the STAR house to support this, on the other hand, according to media reports, STAR Entertainment is expecting a change in its top management with STAR Hong Kong’s Sanjay Das coming to India as COO.
However, STAR Entertainment CEO, Sameer Nair, has categorically said that there was no truth in the reports of Das joining the India operations.
It is learnt that the endeavours to bring Das to India has been on since mid-2006 when STAR India’s CFO, G Subramaniam, decided to move on from the organisation. Correspondingly, Das’ role in India too would have been of a CFO.
Mukerjea has been quoted on more than one occasion where he has denied any news about his exit even as the media has already lined up options for him, ranging from BBC to NDTV to Reliance to beginning his own venture with an angel investor to even being a consultant with all these media companies. There is still time to see whether and wither goes Mukerjea, but as of now, there is a contract between him and News Corp that doesn’t end before August 2008. So there’s a wait situation.
Whether Das comes to India and what his role would be is another question mark given the difference between market speculations and STAR’s statements.
With even the next rung not being spared, it sure isn’t much fun being a leader sometimes.