Sony Pictures Networks India managing director and CEO NP Singh is all set to step down from his post as soon as the company finds a successor.
Singh, who has been part of Sony Pictures Networks India (SPNI) for 25 years, said in a statement that he is "ready to focus on social change and shift from operational roles to advisory ones".
"I will continue to lead SPNI until we find the right person to take over. We have begun a structured succession planning process for my successor and hope to have exciting news to share in the near future. Finding the right fit is our top priority," Singh.
"During my time here, we have established industry benchmarks, expanded our reach, and achieved many noteworthy accomplishments," and added that he is "dedicated to ensuring our legacy of success continues and grows under the new leadership."
"Having reached many significant milestones with our team, I am now ready to focus on social change and shift from operational roles to advisory ones," he said.
Singh also asked the employees to only rely on official communications and not to focus on speculations. “We are committed to sharing timely and transparent information through our established channels and will communicate any definitive updates directly," he said.
Sony Group Corp had demanded that Singh should lead the merged entity proposed to be formed after amalgamation with India's Zee Entertainment Enterprises Ltd (ZEEL). However, the $10 billion deal was called off in January.
