Punit Goenka, the Managing Director (MD) and Chief Executive Officer (CEO) of Zee Entertainment Enterprises, resigned from his position as MD but will continue to serve as CEO of the company. This decision comes just days before a shareholders’ meeting where Goenka was set to seek approval for a new five-year term as MD and CEO, from January 1, 2025, to December 31, 2029.
Remuneration
Impact of Decision
Summary/Static | Details |
Why in the news? | Punit Goenka’s Resignation as MD and CEO of Zee Entertainment |
Shareholder Approval | Goenka requires shareholder approval at the AGM on November 28 to remain on the board as an executive director. |
New Role | Goenka will focus on operational responsibilities as CEO, with a 20% pay cut announced earlier in 2024. |
Leadership Change | Mukund Galgali (CFO) promoted to Deputy CEO of Zee Entertainment. |
Every year on December 22, India celebrates National Mathematics Day. This date marks the birth…
In competitive exams like SSC, Defence, State Exams, and Railways, current affairs are crucial. This…
On Saturday, December 21, 2024, several explosive-laden drones, believed to be part of Ukraine's ongoing…
Uttar Pradesh, one of India's most populous states, is known for its rich cultural and…
The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, convened ministers from 28…
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM), hosted virtually by Thailand on…