Satyan Gajwani, Director, New Media at The Times of India Group will be taking over as the CEO of Times Internet (Indiatimes) from Rishi Khiani, the present CEO of the company. Gajwani has confirmed the news to India Digital Review saying that Rishi Khiani is moving ahead on an entrepreneurial journey. Though the official timings of this shift in leadership could not be confirmed, Gajwani tells us that Rishi Khiani will remain a part of Times Internet till August 2012.

“I will be taking over as CEO TIL from Rishi. Rishi's been a great leader, and it's a disappointment to see him go, but we wish him the best as he starts back on his entrepreneurial journey. He's going to still remain close to us, working officially with us through mid-August,” Gajwani has said.

In August 2009, Times Internet had appointed Rishi Khiani as Chief Executive Officer. Prior to joining Times Internet, Khiani was chief operating officer at Web18. Khiani had joined Web18 after he had sold his web design and technology firm UrbanEye to Network18 in 2006. Khiani was instrumental in Indiatimes’ winning the Internet and mobile rights for the Indian Premier League, launching Gaana.com, revamping Indiatimes.com, TimesofIndia.com and EconomicTimes.com, among others.