Indrani Mukerjea and Peter Mukerjea have decided to step down from their management roles at INX Media.
Indrani held the position of CEO, INX Media while Peter was the chairman and chief strategy officer of the company.
In a press statement issued late on Tuesday evening, the Mukerjeas that they have discussed the move with the other shareholders and have requested them to make arrangements for the transition.
Indrani’s last working day will be April 30 while Peter will leave the company by the end of this month.
However, both Peter and Indrani will continue to hold their stakes in the company, which together amount to a 50 per cent stake. The remaining stake is held by private equity firms such as Temasek Holdings, New Silk Route and New Vernon Private Equity.
Pratim Mukerjea, who is known as Peter, was earlier CEO of STAR India Pvt. Ltd. Before joining STAR India, he had worked for Heinz in the UK, British Home Stores (a retailer) and ad agencies O&M (UK office) and DDB Needham (Hong Kong office).