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AP Parigi to step down as Advisor to Chairman, marking his exit from Network 18

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AP Parigi to step down as Advisor to Chairman, marking his exit from Network 18

In September last year, AP Parigi Group CEO – Network18   moved to a new role as Advisor to chairman Adil Zainulbhai Network18 and TV18.  Multiple industry sources indicate that Parigi will be stepping down from his current role.

It may be recalled that Parigi was appointed as the Group CEO – Network18, on 29th January last year. He leverages over 40 years of experience spanning sectors including infrastructure, telecommunications, media and entertainment. He is an alumnus of the Delhi School of Economics, and holds an MBA, Faculty of Management Studies, University of Delhi.

He served as the Managing Director &  CEO of  ENIL/Radio Mirchi. Under Parigi’s leadership, brand Radio Mirchi emerged as India’s largest private FM radio network, with a daily listenership of well over 25 million.

Besides being a Director of Times Infotainment Media Limited,  Parigi, was  the  Executive Vice Chairman of  Times Innovative Media Limited (Times Out of Home); Times OOH is a leading player and owns the largest out-of-home properties in India. In addition to his responsibilities at TOI, Parigi did oversee the groups businesses in the internet space, specifically related to Times Internet Ltd  & Times Business Solutions ltd.

Prior to joining the Times Group he was the Chief Executive Officer of BPL Mobile Communications, Mumbai - a Joint Venture of BPL with France Telecom.

Parigi was also the Managing Director & Group CEO of Eros Media International Ltd (India). Post his tenure with Eros, he served as advisor to N.E.A., India, an affliate of N.E.A.,USA a $13 billion venture/equity enterprise.

He is also  a recipient of several  awards including the ‘The William F Glaser’53,’ ‘Rensselaer’s Entrepreneur of the Year Award’ USA .

Parigi did not deny or confirm the news when exchange4media reached out to him on the same.

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