Web18 names CEOs for Moneycontrol and ibnlive

Web18, the digital content arm of Network18, has strengthened its leadership structure by assigning new responsibilities to its key executives – Joyson Thomas and Rajan Srinivasan. Thomas, who was earlier the COO at Web18, will now lead Moneycontrol.com as its CEO while Srinivasan, who was heading sales and marketing at Web18, will now take over as the CEO of  ibnlive.com.

Thomas has more than two decades of experience in the financial media and advisory space. He joined Web18 back in 1999 and managed a variety of product and technology mandates there. He is also one of the founding members of the Moneycontrol team.

Srinivasan has 18 years of experience in the media industry, including nine years in the digital space. Prior to joining Network18 in 2003, he had stints with the Indian Express, Sony Entertainment Television and BBC World.

Commenting on the development, Web18 CEO Lakshmi Narasimhan said, "At Web18, we have built some world class digital brands. We are now well-positioned to scale up our leadership and this move is essential to achieving that objective. Moneycontrol has been central to our growth story and Joyson has been a force behind it since the beginning. His expertise will be critical in taking it to yet another benchmark in the financial space. Rajan has ably led our monetisation and brand building effort, and we're confident that he will now steer ibnlive and the digital news operations based in Delhi onto new successes."

Besides Web18, the Network18 Group also operates news channels CNBC TV18, CNBC AWAAZ, CNN-IBN, IBN 7 and IBN-Lokmat, as well as the joint venture Viacom18 and wire services unit Newswire18.

(Edited by Sanghamitra Mandal)