JioStar CRO Ajit Varghese to join Madison Media as CEO

Reliance-backed media giant JioStar’s chief revenue officer (CRO) Ajit Varghese has stepped down from his role. He is now slated to join as the group CEO of media agency Madison Media and its outdoor advertising vertical OOH. 👇 As per an internal memo circulated within JioStar, the media giant’s head of revenue and large customer base business, Mahesh Shetty, will take over as the new CRO. Notably, this will be Varghese’s second stint at Madison. He previously served as the media company’s COO between 1999 to 2006. Varghese’s resignation comes seven months after the completion of Reliance-Disney merger in November 2024, and the subsequent formation of the consolidated entity, JioStar. Prior to this, he was the executive vice-president (EVP) and head of network of ad sales at The Walt Disney Company. Read the full article here - https://lnkd.in/g5qV9iEN #news #Inc42 #tech #media #startupnews #startup #businessnews #business #resignation #India #growth #CXO #founders