Punit Goenka’s gets Board’s nod to continue as ZEEL MD & CEO for 5 more years

Punit Goenka’s re-appointment as Managing Director and CEO has received in-principle approval of the Board of Directors of Zee Entertainment Enterprises Ltd (ZEEL). The re-appointment is for a further period of five years. 

Goenka’s current term will conclude on December 31, 2019, following which the re-appointment will come into effect from January 1, 2020. 

In a statement issued to the BSE, ZEEL stated, “This is to inform you that the Board of Director of the Company at the meeting held today, i.e. on November 5, 2019, has approved in-principle, the re-appointment of Mr Punit Goenka as Managing Director & CEO of the Company for a further period of 5 years upon conclusion of his current term on December 31, 2019, i.e. w.e.f. January 1, 2020.” 

ZEEl further stated that “The said appointment shall be subject to approval of the Equity Shareholders which shall be sought by way of postal ballot.”