Farid Kureshi has quit Times OOH as COO. Although he had put in his papers some time back, he had stayed back citing contractual obligations. His immediate destination is not yet known. Kureshi was with the Times Group for more than six years. Following recent restructuring, he was reporting to Sunder Hemrajani, MD, Times Innovative Media Ltd, which operates the out-of-home advertising division, Times OOH, for the Times Group.
Confirming his movement, Kureshi said, “I enjoyed my stint at Times OOH immensely and loved the whole challenge of growing the business from scratch.” Refusing to divulge much details on his next move, he said, “Í had decided to move on early this year, but due to contractual obligations could not announce it before. I have couple of interesting options and I will take a decision in due course of time.”
“I am thankful to ENIL, all my seniors, and my team members for giving me this opportunity to work with them,” he added. Kureshi will be on board at least till the financial year ending as part of handing over the portfolio.
He had joined the Group as National Sales Head for Radio Mirchi in 2001 and was part of a seven-member initial team, and was appointed as COO in 2005. During his stint at Times OOH, the company won some of the biggest contracts in India, including the Mumbai and Delhi airports, Patel Bridge, and the DND Expressway. Early this year, Times OOH also got funding from venture capitalists and as per informed sources, was eyeing revenues of Rs 150-175 crore.
Prior to the Times of India group, Kureshi was with STAR TV in various roles. He worked across all genres, was part of the team that launched cricket ad sales in India, and was VP, India, Star Movies, in his last role before joining the Times Group.