With the recent top management structural changes induced at GroupM, Ashutosh Srivastava, CEO, GroupM, India and South Asia is shifting base to Singapore to take charge as CEO, Asia Pacific for MindShare Worldwide. The changes will be effective from August 2006. Taking on Srivastava’s role is Vikram Sakhuja, who hitherto was CEO of MindShare, India and South Asia.
GroupM organised a grand farewell party for Srivastava on July 27, 2006, which was followed by a farewell bash by the India Today Group a day later.
Known names of the industry like Sam Balsara, S K Swamy, Colvyn Harris, Apurva Purohit, Sanjay Purohit, Kunal Dasgupta, Rohit Gupta, Kanta Advani, Amit Jain, Alex Kuruvilla, Jagdip Bakshi, Prashant Panday, Anupriya Acharya and Tarun Katial were among the many who attended the parties to wish Srivastava.
Srivastava has been with the GroupM framework since 1987 and has had a very successful stint here. His participation in various industry issues and meetings of industry bodies has also been noteworthy.
The GroupM framework in India consolidated its position in media investments and at the same time saw the launch of new functions like Meritus, ShowM, etc, under Srivastava’s leadership. Whether it is people from his team like Vikram Sakhuja, M Suku and Hiren Pandit or the likes of G Krishnan, Shashi Sinha and other of his peers, the comments for Srivastava are the same – that his contribution to the media industry and its growth is significant, that he is one of the Indians that have made the country proud on the international map and that everyone will miss him. That includes us as well.