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Storyboard18 | Dentsu India’s chief client officer Narayan Devanathan quits

Sources close to the development also indicate that one more senior executive is on his way out.

June 01, 2022 / 03:26 PM IST
Former Dentsu India chief client officer Narayan Devanathan.

Former Dentsu India chief client officer Narayan Devanathan.

High-profile exits continue at Dentsu International India. Latest to quit is Narayan Devanathan, the company’s chief client officer. Devanathan was with the network for 11 years. Devanathan has decided to pursue interests outside the advertising industry.

In a press note, the company said that its India market will be led by key leaders like Divya Karani, Amit Wadhwa and Anubhav Sonthalia. Interestingly, there is no mention of Kartik Iyer, chief operating officer of Dentsu International India.

Last month, Sidharth Rao, CEO, dentsuMB Group, had quit. Rao is the founder of Webchutney, one of India’s first digital shops, which was acquired by Dentsu India in 2013.

In 2020, Dentsu announced it would cut the number of global brands from 160 to six as part of a major transformation of the Tokyo-based group’s international operations. Consolidation of its over 20 agency brands in India accelerated in early 2021. However, that has not gone well with the Indian operations and top executives. The Indian unit of Dentsu Group Inc has been rocked by a series of senior-level exits since August 2021, potentially causing more departures, and deepening turmoil at the advertising company.