Vineet Singh Hukmani steps down as MD & CEO of 94.3 Radio One India
Hukmani took the decision following a scheme of arrangement between HT Media & Next Mediaworks, the parent company of Next Radio Ltd – 94.3 Radio One
Published - 18-April-2019
Vineet Singh Hukmani, MD & CEO of 94.3 Radio One India, has decided to step down from his role.
Making the announcement, the company in a statement said, as reported earlier in the media that a scheme of arrangement between HT Media & Next Mediaworks (the parent company of Next Radio Ltd – 94.3 Radio One) was underway and pending approval from the Ministry of Information & Broadcasting & SEBI. With these approvals having been obtained, HT Media Ltd has now secured majority control of these entities as communicated in the board meeting of Next Radio Ltd held on April 18, 2019.
Tarique Ansari, Chairman, Next Mediaworks Ltd., said, “In continuation of the proposed scheme of arrangement between HT Media & Next Mediaworks Ltd, and following clearance from the Ministry of Information & Broadcasting and SEBI, Vineet Singh Hukmani, MD, CEO & shareholder director in Next Radio Ltd has decided to step down from his board & operating responsibilities. The board & management of Next Mediaworks would like to place on record our appreciation of his sterling 12 year tenure & performance record in building a valuable FM radio business and wish him well in his future endeavours.”
Talking about his decision, Hukmani said, “I am extremely satisfied both as a board member and an operating head with the highly differentiated and valuable FM radio business we have built over the last 12 years. I would like to thank our chairman Mr. Tarique Ansari, our CFO Ismail Dabhoya, fellow board members and outstanding Radio One team members for the faith placed in me all these years. I wish our operating teams much success. On future plans, there is something exciting on the horizon and I will be happy to reveal the same when the time is appropriate.”For more updates, subscribe to exchange4media's WhatsApp Channel- https://bit.ly/2QUdLCK