Karthik Lakshminarayan, who has been Head of Business Planning and Strategy at Colors since the channel’s inception, has moved on from the organisation. He was reporting to Rajesh Kamat, Group COO, Viacom18 and CEO, Colors. Kamat has confirmed the development to exchange4media. Details on Lakshminarayan’s destination next were not available at the time of filing this report.
Also on February 25, 2010, Viacom18 announced the appointment of Gaurav Gandhi as Chief Commercial Officer, Viacom18 Group. A press statement informed that in this newly-created role, Gandhi would spearhead Viacom18's international business and would be reporting to Rajesh Kamat.
Prior to Colors, Lakshminarayan was with Madison Media Infinity as COO, where he had worked on brands such as Cadbury India, Godrej Industries, Marico Ltd, and Asian Paints, among others. Prior to that, he had been with agencies such as Initiative Media and Leo Burnett.
In a prepared statement, Kamat stated: “Given our exponential growth as a group in the last 18 months and our future growth plans, it is now critical that we centralise our cost and commercial functions, thus ensuring synergies between various group businesses. Given Gaurav's relevant experience and proven track record, I am confident of his ability to add value across the group.”