A.P. Parigi made adviser to chairman Adil Zainulbhai at Network18

Parigi joined Network18 on 29 January, succeeding B. Sai Kumar, who held the position until May last year

New Delhi: Network18 Media and Investments Ltd, which has business interests in television, movies and online retailing, has designated A.P. Parigi, group chief executive officer, as adviser to chairman Adil Zainulbhai.

In an internal email to employees, Zainulbhai wrote, “Dear Colleague: I write to inform you that Mr A.P. Parigi will transition into a new role as my Advisor with effect from 1st October, 2015. Mr Parigi has strengthened our management team and helped stabilize the operations. This has put our company on a sound footing for future growth. I look forward to Mr Parigi’s continued support in his new role."

Mint has seen a copy of the email. Parigi could not be reached for a comment immediately.

Parigi joined Network18 on 29 January, succeeding B. Sai Kumar, who held the position until May last year.

Last month, the media group controlled by billionaire Mukesh Ambani’s Reliance Industries Ltd appointed Rahul Joshi, editorial director of The Economic Times, as chief executive officer, news, and group editor-in-chief of Network 18.

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