MUMBAI: Kinetic India co-CEO Rachana Lokhande has decided to move on from the company to pursue another opportunity. A source close to the development confirmed the news to Indiantelevision.com.

"She is currently serving her notice period and her last day at the organisation will be 14 August," the source shares. 

Lokhande made the announcement today to her team and colleagues on a group call. Her next move is not yet known.

She has been with the company since 2016. Her previous stints include RapportWW, Lintas India and RK Swamy BBDO

Reportedly, Ajay Mehta will be the new managing director of Kinetic Advertising India. Already handling the duties of ITV (Cinema) in the capacity of MD, Mehta will take on the additional responsibility. He will also be joining the GroupM India executive committee (ExCo).