SPNI Announces Retirement Of Legal And Financial Stalwarts Ashok Nambissan And Nitin Nadkarni

Sony Pictures Networks India (SPNI) has revealed that two of its top leaders, General Counsel Ashok Nambissan and Chief Financial Officer (CFO) Nitin Nadkarni, will retire on August 31, 2024. Both executives have played pivotal roles in SPNI’s success.

Nitin Nadkarni: A Financial Powerhouse

Since joining SPNI in 2005, Nitin Nadkarni has been a cornerstone of the company’s leadership team. He has overseen the financial mandate and spearheaded strategic financial initiatives worldwide. In his roles as CFO, Head of Broadcast Operations and Network Engineering (BONE), and Head of Commercial, Nadkarni has optimized SPNI's commercial operations, driving efficiency and profitability through innovative strategies and meticulous management. His business acumen and analytical prowess have been crucial in shaping SPNI’s financial growth strategy. Nadkarni has also led SPNI’s sustainability efforts, implementing initiatives aimed at achieving a zero environmental footprint by 2050.

With more than four decades of experience in the financial sector, Nadkarni has brought extensive expertise from various industries, including engineering, specialty chemicals, and media & entertainment. His deep industry knowledge has significantly influenced SPNI’s strategies and operations, laying a solid foundation for the company’s future. Throughout his tenure, Nadkarni has fortified SPNI's financial resilience by establishing robust internal controls and enhancing financial reporting systems. His unwavering commitment to transparency and accountability has set high standards within the organization, ensuring financial stability and growth.

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

NP Singh, MD & CEO of SPNI, praised Nadkarni’s contributions: “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 endeavors.”

Ashok Nambissan: A Legal Luminary

Ashok Nambissan, who joined SPNI in 2007, has been instrumental in shaping the company’s legal and regulatory framework and ensuring compliance across all operations. He has overseen Corporate Relations, Legal and Regulatory Affairs, and Standards & Practices for SPNI’s businesses in India. As the company’s Ombudsperson, Nambissan has demonstrated exemplary dedication to integrity and ethical conduct. His leadership has successfully navigated SPNI through complex legal challenges, safeguarding the company's interests and fostering a culture of compliance. Notably, he played a crucial role in significant achievements such as renegotiating IPL rights and acquiring Ten Sports. His strategic insights and legal expertise have consistently advanced the organization.

Reflecting on his tenure, Ashok 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 honored to have been part of the network’s evolution and the launch of new channels and digital platforms, which have been significant milestones.”

NP 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.”