Sony Pictures Networks India (SPNI) has announced the retirement of two key leaders, General Counsel Ashok Nambissan and Chief Financial Officer (CFO) Nitin Nadkarni, effective August 31, 2024.

Their contributions have been instrumental in shaping SPNI‘s success, the network said in a press release today.

Nitin Nadkarni, who joined SPNI in 2005, has been an invaluable member of the leadership team, driving the financial mandate and leading strategic financial initiatives globally.

As CFO, Head of Broadcast Operations and Network Engineering (BONE), and Head of Commercial, Nadkarni has optimized SPNI’s commercial operations, ensuring maximum efficiency and profitability through innovative strategies and diligent management. His business acumen and analytical mindset have been key to SPNI’s financial growth strategy.

With over four decades of experience in the financial sector, Nadkarni has garnered extensive expertise across industries including engineering, specialty chemicals, and media & entertainment. His knowledge has significantly influenced SPNI’s strategies and operations, providing a solid foundation for the company’s future. Throughout his tenure, he has played a crucial role in fortifying SPNI’s financial resilience, implementing robust internal controls, and enhancing financial reporting systems. His commitment to transparency and accountability has set benchmarks within the organization, the media company stated.

“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 our efforts in fostering a culture of accountability and precision. This commitment to excellence continues to drive our success and innovation in the industry,” said Nadkarni.

NP Singh, MD & CEO of SPNI, stated, “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.”

Nambissan has been a vital part of SPNI since 2007, playing a crucial role in shaping its legal and regulatory framework and ensuring compliance across all operations.

He oversaw the Corporate Relations, Legal and Regulatory Affairs, and Standards & Practices functions for SPNI’s businesses in India. As the company’s Ombudsperson, he demonstrated exemplary dedication to integrity and ethical conduct. His leadership successfully navigated SPNI through complex legal landscapes, safeguarding the company’s interests and fostering a culture of compliance.

Notably, Nambissan was instrumental in significant achievements such as renegotiating IPL rights and acquiring Ten Sports. His strategic insights and legal expertise have consistently propelled the organization forward.

Reflecting on his time at SPNI, Ashok 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.”

Lauding Nambissan, 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.”