New Delhi: N . Ravi, editor-in-chief of The Hindu, published by Kasturi and Sons Ltd, is set to retire after working at the family-owned newspaper for 42 years.
The decision came at a board meeting held on Tuesday, said an executive present at the meeting who did not want to be named. Ravi will officially retire on 31st January.
Malini Parthasarthy, editor of the paper, will now head editorial operations of the newspaper and will continue with the same title, effective 1 February. Ravi will continue on the board of KSL as a whole time director.
Ravi and Parthasarthy were appointed editor-in-chief and editor respectively of The Hindu in October 2013, during a controversial board meeting when chairman N. Ram used his casting vote to effect a change in top management after the 12-member board of the company voted 6-6 on the move.
Subsequently, Siddharth Varadrajan resigned as editor of the paper and Arun Anant quit from the post of Chief Executive Officer. Varadarajan was the first editor of the newspaper in nearly five decades who didn’t belong to the Kasturi family. Anant was the company’s first chief executive.
In May last year, the board appointed Rajiv C. Lochan as the Managing Director and Chief Executive Officer of the company.
The troubled newspaper has reported losses to the tune of 60 crore last year, due the implementation of the recommendation of ”Majithia wage board pay” based on the Supreme Court’s ruling dated February 2014.