Suparna Singh, the former head of NDTV convergence who was appointed as NDTV CEO in December 2017, has resigned from the top job, the news broadcasting company said.
“Ms Suparna Singh has informed the company that she will step down from her responsibilities as interim CEO with immediate effect,” the company said, without going into the details of why she put in her resignation.
Singh, who has been with NDTV since 1994, was appointed to the CEO’s role after journalist Vikram Chandra stepped down from the role in 2016.
Singh was also Director of Strategy at NDTV Group. While heading NDTV Convergence, she was responsible for the content and expansion of NDTV’s digital section, including its array of apps and its website, ndtv.com.
Suparna Singh also created and headed NDTV’s Metro Nation, the first english language, city-based channel in India in September 24th 2007.
TUSSLE WITH GOVT
The news comes in the wake of an ongoing tussle with the Union Government.
NDTV has been caught up in a tax and money laundering case lodged by a minority shareholder. The case is currently the subject of court proceedings.
In its intimation about the resignation of the CEO, NDTV also said that the Union Government is yet to formally give approval to Singh’s appointment as the CEO.
“The approval was promptly applied for on December 12, 2017, but has not yet been received,” it said.
The promoters and founders of the company, journalist Prannoy Roy and wife Radhika Roy, were recently prevented from boarding a flight destined for South Africa, apparently because investigating agencies feared that they may be fleeing the country for good.
Shares of NDTV, which used to trade at around 144 rupees in 2015, fell 3.5% in trading today to Rs 35.