In a major industry move, R K Arora has decided to step down from the post of Group CEO. Rumours of Arora putting in his papers were doing rounds since the past three weeks, but Arora rubbished them when exchange4media contacted him last month.
The move comes in wake of ITV network’s aggressive market strategy, including their entry into the English news television business through the acquisition of national English news channel News X and revamp of India News at a national level.
ITV Network appointed him as CEO, in November 2012. Arora was responsible for business operations of Hindi news channel India News, five regional channels and English news channel News X. He was elevated as the Group CEO in August this year.
Arora is a senior professional credited with turning around companies in the news genre. A chartered accountant by profession, Arora has been instrumental in the company’s transformation and growth. He has extensive experience spanning over 20 years in the field of distribution, finance and profitability of companies. Prior to ITV Network, he was CEO of BAG Network (News24, E24 and Darshan24). He was also associated with Independent News Service (India TV) since its inception.