India, July 31 -- 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.
Inc42 has reached out to JioStar for a comment on the development. The story will be updated on receiving a response.
Exchange4media was the first to report the development.
Varghese's resignation comes sev...
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