Yahoo Inc has hired Gurmit Singh
to man the MD Chair for its India Operations. Singh’s immediate role
will be to study the company’s position in India and come up with ideas
for the rejuvenation of the ailing giant.
Gurmit
Singh was working at Media Conglomerate Network18 as Chief Executive
Officer of Forbes India. At Yahoo, he will report to India and South
East Asia VP and Head Yvonne Chang, confirmed the company via an
official statement.
Why has Gurmit
been selected? Yahoo is expanding very rapidly. Under the leadership of
Marissa Mayer, the company is engrossed in serious inorganic expansion
activity, gobbling–up companies of all sizes; from fledgling startups to
established organizations in the hope of restoring the company’s glory
from the hey days of Internet. Marissa has made it clear that Yahoo will
now focus on the fast emerging world of Mobile and make the site
optimized for easier & faster consumption on these portable internet
enabled devices.
Given Gurmit’s
track record, his expertise with myriad fields might be just what the
company needs. Singh has held leadership roles across Consumer Products,
Music & Entertainment And Media Sectors. He has worked with
illustrious companies and brands such as Sony Music, Hindustan Times,
India Today Group, Rajshri Media and Marico Industries. Gurmit’s wide
scope is of particular interest to the company, clarified Chang,
“Gurmit
comes to Yahoo with a strong track record of delivering growth. His
understanding of users and advertisers will be a great asset for Yahoo
as we bring a number of product innovations to India,”
For
the past couple of days, quite a few companies have been adding fresh
blood (external recruitment) to their Upper Management. Is it
pre–Appraisal strategy or the candidates simply needed to move–on?
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