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Help Sun TV elevates Vijay Kumar as CEO
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#1
MUMBAI: Broadcasting company Sun TV Network Ltd said it has elevated its COO K Vijay Kumar to the post of the chief executive officer with effect from today.

"K Vijay Kumar, chief operating officer of the Company has been elevated to the post of chief executive officer of the Company with effect from July 12, 2011," Sun TV Network said in a filing to the Bombay Stock Exchange.

Kumar had recently been elevated to the post of COO. Kumar took over as the chief operating officer with effect from March 11, 2011, consequent to Ajay Vidyasagar resigning from the company.

Sun TV Network has been surrounded by trouble over the past few months.

Shares of the company had come under pressure after reports said Maran family-owned Sun TV Network was a beneficiary of pay-offs by an overseas telecom firm. The CBI had also started a "preliminary investigation" against Dayanidhi Maran, brother of Sun TV Network owner Kalanidhi Maran.

As per the lawsuit, after Aircel was taken over by Malaysia's Maxis Communications, Sun TV received substantial investment from Maxis Group (Aircel) which took 20 per cent equity in DTH services firm Sun Direct.

Sun TV's dominance in Tamil Nadu has also been under threat after Jayalalithaa's government decided to take over the state's cable TV distribution.

Also, a senior executive of Sun Pictures, which is a part of Sun TV Network, was arrested on alleged charges of cheating and intimidation.

Source: The Times Of India

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#2
Tough time ahead for Sun TV CEO. Kalanidhi Maran also facing criminal proceedings, the CEO will have more internal as well external pressure.
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