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HP hires Sarabjit Baveja as chief strategy, incubation officer

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SAN FRANCISCO:PC and printer major HP Inc has appointed Sarabjit Singh Baveja as Chief Strategy and Incubation Officer who will lead the strategy, corporate development and new business incubation efforts focused on driving new sources of growth and long-term value creation.

Baveja, who joins HP from Bain & Company, will work closely with the executive leadership team to identify, develop and launch new products, services and business models across the company’s portfolio.

This includes a focus on leveraging HP’s micro-fluidics technology to create disruptive new businesses and applications in the health and wellness space, HP Inc said in a statement late on Tuesday.

The company also appointed Xeros head of global research, Tolga Kurtoglu, as its chief technology officer and Global Head of HP Labs.

“Baveja and Kurtoglu each bring deep experience and expertise that support our strategy to advance HP’s leadership in Personal Systems and Print, disrupt new industries with our technology and intellectual property, and transform our company for the future,” said Enrique Lores, HP President and CEO.

All appointments are effective from February 1 and new executives will report to CEO Lores.

“Their leadership further strengthens our ability to innovate for customers and capitalise on attractive growth opportunities as we create new products, services and business models,” Lores said.

Kurtoglu is the former CEO of Palo Alto Research Center (PARC) and global head of research at Xerox. He will lead HP Labs, driving a renewed commitment to cutting-edge research and innovation.

HP also announced that Kim Rivera, President of Strategy & Business Management and Chief Legal Officer, has made the personal decision to depart HP following a successful five-year tenure with the company.

Source: IANS

Appointments

Justice Vikramjit Sen to head Digital Media Content Regulatory Council

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NEW DELHI: The Indian Broadcasting Foundation (IBF) on Monday announced the appointment of former Supreme Court judge Justice Vikramjit Sen as the Chairman of its newly formed self-regulatory body Digital Media Content Regulatory Council (DMCRC).

Besides, six other eminent industry members which include filmmaker Nikkhil Advani, writer and director Tigmanshu Dhulia, filmmaker and writer Ashwiny Iyer Tiwari, content producer and distributor Banijay Group CEO and founder Deepak Dhar would also be part of the self-regulatory body, IBF said in a statement.

This Council also includes – Sony Pictures General Counsel Ashok Nambisan and Star and Disney India Chief Regional Counsel Mihir Rale, it added.

“The Council constitutes prominent personalities from the Media & Entertainment industry and Online Curated Content Providers (OCCPs), with experience in IPR, programming and content creation,” it said.

IBF, the apex body of broadcasters, had last week announced to expand to cover digital streaming platforms and is soon going to be renamed as Indian Broadcasting & Digital Foundation (IBDF).

The move was done to bring together the broadcasters and OTT (over-the-top) platforms. It had also announced a self-regulatory body DMCRC for digital OTT platforms.

“The self-regulatory body which is formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 with active consultation amongst the creative industry fraternity is expected to create a credible, robust and practical code for content, with an inclusive and fair governance structure,” said IBF.

Commenting over the development IBF President K Madhavan said this is a historical moment for the stakeholders — media and entertainment industry, the policymakers and the subscribers of the OTT platforms.

“I look forward to working with the Council whose mandate is to ensure freedom of expression of the Indian creative industry as well as help the discerning audience of the OTT platforms to have unhindered access to world-class and differentiated content,” he said.

IBF represents television broadcasting and its members provide channels and programmes that deliver about 90 per cent of television viewership in India.

The Indian subscription video-on-demand industry is witnessing faster growth and it has been further expedited after the pandemic. It is expected to have the fastest growth in the media and entertainment sector for next coming years.

According to a The PwC Global Entertainment & Media Outlook 2020-2024, the Indian Media & Industry sector is expected to grow at a 10.1 per cent compound annual growth rate to reach USD 55 billion by 2024.

In terms of individual segment market size as a percentage of total industry revenue, OTT video is expected to see the largest gain and reach 5.2 per cent by 2024, it said.

Source: Press Trust of India

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HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

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NEW DELHI: HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company.

The company’s Board of Directors has named Alok Sahu to succeed Kapur for the position of CFO with effect from June 1, 2021, a regulatory filing said.

“… we submit that Mr KapilKapur, CFO of the company has informed the company about his resignation from the said position with the company with effect from the closing hours of May 31, 2021 to pursue other opportunities & interests,” it said.

Alok Sahu, a chartered accountant by profession, is a finance professional who has over 25years of experience in spearheading financial and accounting functions, the filing said.

He has been associated withHCL Infosystems since 1995.

Source: Press Trust of India

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LTI appoints Anil Rander as its Chief Financial Officer

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NEW DELHI: Larsen & Toubro Infotech, a global technology consulting and digital solutions company has appointed Anil Rander as its Chief Financial Officer.

Anil is a seasoned finance leader with more than 27 years of multifaceted experience in driving business performance and growth. His expertise ranges across business and financial strategy formulation, fiscal management, corporate accounting, investor relations, pricing, risk management, internal audit and financial controls.

Sanjay Jalona, CEO & Managing Director, LTI, said “The role of CFO is evolving rapidly, and I am pleased to welcome Anil to our leadership team at this critical juncture in our journey. His financial leadership and business acumen will enable us to chart the next phase of growth for LTI. We remain committed to pushing industry benchmarks on business excellence.”

Anil joins LTI from Tech Mahindra where he was the Senior Vice President for Finance and Legal functions and Global Head of Finance for BPS. Before this role, Anil was with Hutchison Max Telecom Ltd where he looked after management accounting. His other stints have been with Alpic Finance and A.F. Ferguson & Co.

Anil is a Chartered Account, Cost Accountant and a Company Secretary. He has won multiple industry accolades for outstanding contributions during his illustrious career. He will be based out of LTI’s headquarter in Mumbai, India.

 

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