Network18 Media & Investments Limited, broadcaster of CNBCTV18, CNN-IBN, IBN7, eTV, and Colors, has announced the induction of retired Indian senior diplomat Nirupama Rao on the board of directors. The approval of Ms Rao's appointment by the board of directors was shared with the stock exchanges Wednesday afternoon.
Rao is a former Foreign Secretary and headed the Indian missions in Colombo, Beijing and Washington. She was also Joint secretary, External Publicity and spokesperson. "Ambassador Rao brings an insight of the external world and the media," Adil Zainulbhai, chairman of Network18 said. "Also, she is a pioneer in the digital world and we really look forward to her contribution to our emerging strategies."
Rao said she looked forward to her role as an independent, non-executive additional director. "Media and the brave, new and exciting world of communications in the public sphere has been a matter of deep and abiding interest to me," she said.
Network18 inducted media veteran AP Parigi as group CEO in end January. The board now comprises Adil Zainulbhai, Nirupama Rao, banking veteran Deepak Parekh, corporate lawyer Rajiv Luthra, technology and media expert Vinay Chhajlani, entrepreneur Raghav Bahl, journalist Rohit Bansal and finance expert Dhruv Kaji.