Ashok Nambissan & Nitin Nadkarni To Retire From Sony Pictures Networks India

EE News Desk Jul 24, 2024

This development is effective from 31 August, 2024

Sony Pictures Networks India (SPNI) has pronounced the retirement of two of its significant leaders, General Counsel Ashok Nambissan and Chief Financial Officer (CFO) Nitin Nadkarni, effective 31 August, 2024. Their contributions have been instrumental in shaping SPNI's success.

Nadkarni, who joined SPNI in 2005, had been driving the financial mandate and leading strategic financial initiatives for SPNI globally. As CFO, Head of Broadcast Operations and Network Engineering (BONE), and Head of Commercial, he has been pivotal in optimising SPNI's commercial operations, ensuring maximum efficiency, and driving profitability through innovative strategies and diligent management. His business acumen and analytical mindset have been instrumental in SPNI's financial growth strategy. He has guided SPNI on its sustainability journey, implementing numerous initiatives to achieve a zero environmental footprint by 2050.

With over four decades of experience in the financial sector, Nadkarni has garnered extensive expertise across industries, including engineering, specialty chemicals, and media & entertainment. His knowledge has significantly influenced SPNI's strategies and operations, providing a solid foundation for the company's future. Throughout his tenure, he has played a crucial role in fortifying SPNI's financial resilience, implementing internal controls, and enhancing the company’s financial reporting systems.

"Working alongside the leadership team at SPNI has been an enriching experience. Our efforts have always focused on maintaining the highest financial integrity and operational excellence standards. I am proud of our efforts in fostering a culture of accountability and precision. This commitment to excellence continues to drive our success and innovation in the industry," says Nadkarni.

According to NP Singh, MD & CEO, SPNI, “Nitin has been a pillar of strength for SPNI. His financial expertise, strategic insights, and unwavering commitment to excellence have significantly contributed to the company’s success. His leadership has been invaluable in navigating complex financial landscapes and driving sustainable growth. We are immensely grateful for his dedication and wish him all the best in his future endeavours.”

Nambissan has been a vital part of SPNI since 2007, playing a crucial role in shaping its legal and regulatory framework and ensuring compliance across all operations. He oversaw the Corporate Relations, Legal and Regulatory Affairs, and Standards & Practices functions for SPNI's businesses in India. His leadership navigated SPNI through complex legal landscapes, safeguarding the company's interests and fostering a culture of compliance. Notably, Nambissan was instrumental in achievements such as renegotiating IPL rights and acquiring Ten Sports. His insights and legal expertise have propelled the organisation forward.

Reflecting on his time at SPNI, Nambissan remarked, "My journey at SPNI has been enriching and filled with growth and learning. I am grateful for the opportunities and the support of my colleagues, who made this journey memorable. Contributing to major negotiations and acquisitions and collaborating with industry bodies to shape regulatory frameworks have been career highlights. I am honoured to have been part of the network's evolution and the launch of new channels and digital platforms, which have been significant milestones."

Singh shared, "Ashok’s contributions have been fundamental to our success. His legal expertise and strategic vision have guided SPNI through many challenges and opportunities. Ashok’s leadership in major acquisitions and his skill in navigating complex legal issues have set a high standard for our legal and regulatory practices. His involvement in initiatives like the joint venture with BBC Earth and the expansion of SonyLIV has been crucial. We extend our best wishes to Ashok for a fulfilling retirement."