Dev Pragad
{{Short description|President and CEO of Newsweek (born 1984)}}
{{Use mdy dates|date=September 2024}}
{{Infobox person
| name = Dev Pragad
| image =
| caption =
| birth_name =
| birth_date = {{birth based on age as of date |37|2022|04|04}}
| birth_place = India
| nationality =
| citizenship = British
American
| education = King's College London
Harvard Business School
| occupation = Businessman
| known for = CEO and co-owner of Newsweek
| title = President and CEO of Newsweek
| term =
| predecessor =
| successor =
| boards = King's Trust USA, King's College London Impact Leaders{{cite web |title=King's Impact Leaders Board |url=https://www.kcl.ac.uk/impact/kings-impact-leaders-board |publisher=King's College London |access-date=2024-07-25 |date=2024 |location=London |language=en}}
| spouse =
| partner =
| children =
| parents =
| relatives =
| website = {{URL|www.devpragad.com}}
}}
Dev Pragad (born 1984) is the British-American president and CEO of Newsweek. He is also co-owner of Newsweek acquiring a half-interest in 2018.{{Cite news |last=Gale |first=Adam |date=April 5, 2022 |title=Dev Pragad: The Man Who Saved the News |work=Management Today |url=https://www.managementtoday.co.uk/dev-pragad-man-saved-news/long-reads/article/1750702}} Under his tenure, Newsweek returned to profitability and reaches 100 million readers a month.{{Cite web |title=Dev Pragad, CEO of Newsweek |url=https://www.theceomagazine.com/executive-interviews/media-publishing/dev-pragad/ |access-date=2024-01-01 |website=The CEO Magazine |language=en-US}}
Early life and education
Pragad was born in India, grew up in the United Kingdom, and graduated from King's College London with a Bachelor of Engineering in computer science/electronics and a Ph.D in Electrical Engineering.{{cite web |title=Benefitting from Time in a Virtual World |url=https://www.exed.hbs.edu/participant-stories/owner-president-management-dev-pragad |website=Harvard Business School |access-date=2024-04-29}} He relocated to New York and became an American citizen, with dual citizenship in the UK. He also completed the Owner/President Management program, an Alumni granting 2 year executive education program of Harvard Business School.{{Cite web |title=Owner/President Management {{!}} Executive Education |url=https://www.exed.hbs.edu/owner-president-management |access-date=2024-08-21 |website=Harvard Business School |language=en-us}}{{Cite web |title=Alumni Network {{!}} Executive Education |url=https://www.exed.hbs.edu/experience/alumni-network |access-date=2024-08-21 |website=Harvard Business School |language=en-us}}{{Cite web |title=Leading Growth and Transformation {{!}} Executive Education |url=https://www.exed.hbs.edu/blog/owner-president-management-dev-pragad |access-date=2024-08-23 |website=Harvard Business School |language=en-us}}
Career
Prior to becoming CEO of Newsweek, Pragad managed its international edition from London in 2014.{{Cite web |title=Newsweek makes London the centre of its world |url=https://www.thedrum.com/opinion/2016/11/24/newsweek-makes-london-the-centre-its-world |access-date=2024-01-06 |website=The Drum}} In 2018, Newsweek was spun off as a standalone company, Newsweek Publishing LLC, from IBT Media with Pragad and Johnathan Davis each owning 50% of that company.{{Cite web |last=Rouhandeh |first=Alex J. |last2=Jamali |first2=Naveed |date=2023-06-29 |title=Newsweek shareholders end legal dispute, co-owner Davis leaves Olivet sect |url=https://www.newsweek.com/newsweek-shareholders-end-legal-dispute-co-owner-davis-leaves-olivet-sect-1810029 |access-date=2024-12-27 |website=Newsweek |language=en}}
Pragad was the subject of a Harvard Business School case study published in 2021.{{cite web |last1=Appelgate |first1=Lynda M. |last2=Srinivasan |first2=Surja |date=February 2022 |orig-date=October 2021 |title=Newsweek: Driving a Digital First Strategy - Case 822-052 - Faculty & Research |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=61379 |website=www.hbs.edu |publisher=Harvard Business School |access-date=2024-07-25}} The case study focuses on the Newsweek digital transformation through the use of data collection and performance measurements to grow the publication's readers and revenue. Pragad is credited with turning around Newsweek, restoring it to profitability as a business with an estimated valuation and net worth in excess of $300 million according to industry sources..
Under Pragad's leadership, Newsweek secured interviews with heads of state, including Prime Minister Narendra Modi of India and Prime Minister Fumio Kishida of Japan.{{Cite web |last=O'Connor |first=Tom |date=2024-04-29 |title='Most complex security environment since WWII,' says Japanese PM |url=https://www.newsweek.com/2024/05/10/most-complex-security-environment-since-wwii-says-japanese-pm-1894773.html |access-date=2024-04-29 |website=Newsweek |language=en}} In April 2024, Newsweek magazine published a cover story on Modi, following an interview conducted by Newsweek along with global editor in chief Nancy Cooper at Modi's residence in New Delhi.{{Cite web |last=Bhat |first=Danish Manzoor |date=2024-04-10 |title=Modi's Moment: How Narendra Modi is Changing India and the World |url=https://www.newsweek.com/2024/04/19/modis-moment-how-narendra-modi-changing-india-world-1888654.html |access-date=2024-04-22 |website=Newsweek |language=en}} Pragad launched Newsweek Rankings, which has become the fastest-growing part of the business. Rankings include the World's Best Hospitals,{{Cite web |title=The top risers on Newsweek's 'World's Best Hospitals' list |url=https://www.advisory.com/daily-briefing/2023/03/13/newsweek-top-hospitals |access-date=2024-02-24 |website=www.advisory.com |language=en}}{{Cite web |last=Taylor |first=Mariah |date=2023-09-14 |title=World's top specialized hospitals by specialty, per Newsweek |url=https://www.beckershospitalreview.com/rankings-and-ratings/worlds-top-specialized-hospitals-by-specialty-per-newsweek.html |access-date=2024-02-24 |website=www.beckershospitalreview.com |language=en-gb}}{{Cite web |title=Ranking - Worlds Best Hospitals 2023 |url=https://r.statista.com/en/healthcare/best-hospitals-world-2023/ranking/ |access-date=2024-02-24 |website=Statista R |date=2023-02-27 |language=en-US}} Auto Disruptor Awards,{{Cite web |last=Mast |first=Garrett |date=2023-04-04 |title=Akio Toyoda Honored as Newsweek's 'World's Greatest Auto Disruptors' Executive of the Year |url=https://pressroom.toyota.com/akio-toyoda-honored-as-newsweeks-worlds-greatest-auto-disruptors-executive-of-the-year/ |access-date=2024-02-24 |website=Toyota USA Newsroom |language=en-US}}{{Cite web |last=Global |first=K. E. D. |title=Hyundai Motor wins Newsweek World's Greatest Auto Disruptors Awards |url=https://www.kedglobal.com/automobiles/newsView/ked202304050020 |access-date=2024-02-24 |website=KED Global |language=en}} and other corporate and employer rankings.{{Cite web |title=Newsweek Rankings |url=https://www.newsweek.com/rankings |access-date=2024-01-07 |website=www.newsweek.com}}
In November 2024 an interview with Pragad, South Korean President Yoon Suk Yeol discussed the interplay between foreign policy and domestic reform, describing them as “two sides of the same coin.” Conducted in Seoul and also involving Newsweek editors Nancy Cooper and Matthew Tostevin, the conversation explored pressing issues, including North Korea’s nuclear threat and Yoon’s efforts to address structural challenges in South Korea. Yoon emphasized his administration’s commitment to a robust defense posture while advancing economic reforms to enhance competitiveness.{{Cite web |last=Pragad |first=Dev |last2=Cooper |first2=Nancy |last3=Tostevin |first3=Matthew |date=2024-11-08 |title=South Korea's President Yoon on balancing defense and domestic reforms |url=https://www.newsweek.com/2024/11/15/south-north-korea-president-yoon-sik-yeol-interview-1979864.html |access-date=2024-11-19 |website=Newsweek |language=en}}
Dev was invited as the Guest of Honour at the 18th Pravasi Bharatiya Divas (PBD) Convention in Bhubaneswar, held from January 8-10, 2025. He received a personal invitation from India’s External Affairs Minister, S. Jaishankar, in recognition of his leadership in transforming Newsweek into a profitable, multi-platform media organization. His participation highlighted the role of the Indian diaspora in global media and innovation. The event focused on the diaspora’s contributions to India’s development.{{Cite web |title=Newsweek CEO Dev Pragad invited as Guest of Honour for 18th Pravasi Bharatiya Divas |url=https://www.tribuneindia.com/news/world/newsweek-ceo-dev-pragad-invited-as-guest-of-honour-for-18th-pravasi-bharatiya-divas/ |access-date=2025-02-11 |website=The Tribune |language=en}}{{Cite web |date=2025-01-05 |title=18th Pravasi Bharatiya Divas: PM Modi to inaugurate in Bhubaneswar on Jan 9 - CNBC TV18 |url=https://www.cnbctv18.com/india/18th-pravasi-bharatiya-divas-pm-modi-to-inaugurate-in-bhubaneswar-on-jan-9-19534740.htm |access-date=2025-02-11 |website=CNBCTV18 |language=en}}
Other roles and honors
Pragad is a member of the advisory board of the King's Trust USA.{{Cite web |title=About Us |url=https://kingstrust.us/about-us/ |access-date=2024-04-29 |website=The King’s Trust USA |language=en-US}} He is an honorary fellow of King's College London and a member of the King's College London Impact Leaders Board,
References
{{Reflist}}
External links
- {{Cite web |date=2018-10-10 |title=Newsweek Media Group Splits Into Two Companies |url=https://www.newsweek.com/newsweek-media-group-splits-two-companies-newsweek-ibt-media |website=Newsweek |language=en}}
{{DEFAULTSORT:Pragad, Dev}}
Category:Alumni of King's College London
Category:Place of birth missing (living people)
Category:People with multiple citizenship
Category:British businesspeople of Indian descent