The Indian Express Group has appointed Sandipan Deb as Editor of its business daily, Financial Express, with immediate effect, while present Editor, Mythili Bhusnurmath, has reportedly been offered the position of Consulting Editor.
When asked what had necessitated the change, Shekhar Gupta, CEO and Editor-in-Chief, Indian Express Group, said, “Mythili wanted to reduce her work responsibilities so that she could focus more on writing. That’s why Sandipan was brought in her place.”
Gupta further said, “Mythili will continue to be associated with Financial Express, though her exact designation is yet to be figured out.” However, sources revealed that Bhusnurmath had been offered the post of Consulting Editor with the financial daily. When queried about the development, Bhusnurmath refused to comment on the issue. She had quit The Economic Times to join Financial Express as Chief Editor in July 2004. She is the first woman to have become the Editor of any of the four major financial dailies in India.
Deb was originally brought in to head the newly created magazine division of the Indian Express Group. When asked about the status of the magazine project now that Deb has been appointed the FE Editor, Gupta said, “Sandipan will continue to look after the magazine division. The work to launch a couple of magazines is very much on and it will happen in due time.”
Commenting on Deb’s appointment, Gupta said, “These are exiting times for a financial journalist. Sandipan is a very good journalist who had studied in an IIT and an IIM. He was also the Managing Editor of Outlook magazine, and thus, is best suited for the job.”
On the changes that he expects Deb to bring in the financial daily, Gupta said, “Every editor in the Express Group enjoys full freedom. So, Sandipan will carry out his own vision for the business daily.”
Commenting on his new assignment, Deb said, “It is obviously a big challenge to be in charge of a leading financial daily. The market situation for financial dailies is changing fast and it will become more competitive with the launch of another business daily, which is expected to come by the year-end. I have to bring in some changes in FE keeping in mind the changing needs of the time, which I will decide after sitting with my colleagues.”
Elaborating his vision for FE, Deb said, “I think the current lot of financial dailies need to go beyond just reporting news and explain how it affects the common man’s wallet and bottomlines of corporates. I will work to make FE far more useful to the reader and a source of credible information. FE’s traditional strength has been corporate reporting. I will put more emphasis on it now. Additionally, there will be some content changes with more colour supplements, special reports, etc.”