Punit Goenka asks ZEEL board to relieve him from managing director position

Punit Goenka, managing director (MD) and chief executive officer (CEO) of Zee Entertainment Enterprises (ZEEL), on Monday requested the board of directors to relinquish his position as MD to focus entirely on his operational responsibilities as CEO.

Goenka has agreed to remain on the board as a director, as per the company’s press release. Mukund Galgali, chief financial officer (CFO), ZEEL, will now also take on the role of deputy CEO as per the recommendations of the nomination and remuneration committee,