NP Singh Resigns From Sony Pictures Networks India as CEO and MD After 25 Years Tenure
NP Singh, Managing Director and CEO of Sony Pictures Networks India (SPNI), has stepped down after 25 years at the company. Singh is moving to an advisory role in the company.
New Delhi, May 24: NP Singh, Managing Director and CEO of Sony Pictures Networks India (SPNI), has stepped down after 25 years at the company. Singh is moving to an advisory role in the company. “After nearly 44 years in my career, including a rewarding 25-year tenure at SPNI, I have decided to move on from my role as MD and CEO," Singh said in an internal email to employees.
He will focus on social change and shift from operational roles to advisory ones. Singh mentioned that during his time at SPNI, the company established industry benchmarks, expanded reach, and achieved many noteworthy accomplishments. “I am dedicated to ensuring our legacy of success continues and grows under the new leadership," he added. The company has begun “structured succession planning process to find his successor” and hopes to have “exciting news to share" in the near future. Singh said that finding the right fit “is our top priority”. Thierry Delaporte, Former Wipro CEO and MD, Becomes Highest-Paid Exec in Indian IT Industry for FY24, Earns More Than Rs 165 Crore/
He joined the company in June 1999 as CFO, and was elevated to the position of COO in 2004 and MD and CEO in 2014. SPNI and Zee Entertainment Enterprises terminated a merger agreement earlier this year. In January, Sony Group, the Japanese parent company of Sony Pictures Networks India (SPNI), which is now called Culver Max Entertainment, and Bangla Entertainment Pvt. Ltd (BEPL), terminated the $10 billion merger agreement with Zee Entertainment. OpenAI Could Face Legal Consequences Using Scarlett Johansson-Like ChatGPT Voice: Report.
Sony also invoked arbitration against the company and sought emergency interim reliefs against the company. ZEEL had categorically denied all the assertions raised by Culver Max and BEPL on the alleged breaches under the terms of the MCA, including their claims for the termination fee.
(The above story first appeared on LatestLY on May 24, 2024 12:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).