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10 high profile Media & Corporate exits of 2017

08-January-2018
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10 high profile Media & Corporate exits of 2017

Seven days into 2018 does not make 2017 too old to revisit. The year was dotted with some high profile exits. From media bigwigs to marketing wizards and technology high brows, the news of high profile corporate exits kept the surprise quotient high throughout the year.

Umang Bedi, MD, Facebook India & South Asia
In just over 15 months of joining Facebook as India MD, Umang Bedi resigned from his position at the social networking giant. Facebook had roped in Bedi as its Managing Director, India from Adobe where he served as Managing Director of the South Asia region. He had taken over from Kirthiga Reddy, who returned to the US to take on a new role at the company’s headquarters at Menlo Park.
Bedi joined Facebook at a time when the social networking giant was embroiled in a controversy around its Free Basic initiative, which offered free connectivity to select internet services in several parts of the country. Facebook was forced to drop the initiative after howls of protest.
Vishal Sikka, MD & CEO, Infosys
In August 2017, Vishal Sikka announced his resignation amid an ongoing clash between the company's board of directors and founder.  Sikka announced his departure in an email to his employees where he said his decision was influenced by "distractions, the very public noise around us," that had created an "untenable atmosphere."
Ashish Bagga, Group CEO, India Today
After serving a marathon 15 year stint at India Today Group, Ashish Bagga left everyone surprised when it was announced that he will be stepping down from his position. Bagga started his career with the India Today Group in 1983 and was responsible for launching Music Today, the video magazine on current affairs, Newstrack, and the four vernaculars editions - Hindi, Tamil, Telugu and Malayalam - of India Today.
D Shivakumar, PepsiCo India CEO
PepsiCo India chairman & CEO D Shivakumar stepped down from his position in 217 to join Aditya Birla Group. Ahmed El Sheikh succeeded Shivakumar as PepsiCo India’s new CEO.

Travis Kalanick, Uber CEO
Uber Co-Founder Travis Kalanick resigned from his position as chief executive of the $68bn ride-hailing app in June 2017 following a tumultuous six months of scandal. Kalanick stepped down in the face of pressure from five of Uber’s largest investors. Kalanick’s leadership style was already under fire after Bloomberg released a video of the executive berating an Uber driver after the driver complained about the difficulty making a living with Uber’s falling rates.

Bobby Ghosh, Editor-in-Chief, Hindustan Times
Bobby Ghosh had taken over as editor of the Hindustan Times in 2016 after the departure of Sanjoy Narayan, who had run the newspaper since 2008. Ghosh stepped down from his role in September 2017. Before the Hindustan Times, Bobby Ghosh had worked at CNN and Quartz, as well as Time magazine.

Vivek Zhang, CMO, VIVO India
Vivek Zhang, Chief Marketing Officer, Vivo India, stepped down from his role after it was reported that Vivo India was planning a major reshuffle of its India management. Among the Chinese smartphone brands in India, Vivo opted for a more aggressive stance during his tenure. Be it the title sponsorship deal worth Rs 2, 199 crore for IPL (for five years) or the Rs 300 crore sponsorship deal with Pro Kabaddi League, Vivo pulled all stops to capture 18% market share in just about two years under his leadership.

Sangeeta Pendurkar, Managing Director, Kellogg India
In June 2017, Sangeeta Pendurkar, Managing Director, Kellogg India, stepped down from her role. She had joined the company in 2010. Prior to joining Kellogg, Pendurkar served as Vice President of Strategy at Coca-Cola India Private Limited and was responsible for its strategic planning initiatives and international trade business.

Arunabh Kumar, CEO of The Viral Fever (TVF)
Arunabh Kumar, Co-Founder and CEO of The Viral Fever (TVF) stepped down from his position after being charged with sexual harassment by many of his female colleagues. Kumar was asked to stay out of TVF and its operations after a senior official from hedge fund Tiger Global Management, which owns a 25 per cent stake in TVF, uncovered significant financial losses in the months after the allegations surfaced.

Barkha Dutt, Consulting Editor, NDTV
Barkha Dutt bid adieu to NDTV after a 21-year stint in January 2017. She started her journalism career with NDTV and later rose to head the English news network of the organisation.

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