Punit Goenka changes ZEEL’s revenue vertical: Introduced new model to increase productivity; Business President Rahul Johri resigned
Zee Entertainment Enterprises Limited (ZEEL) has announced strategic changes in its revenue vertical. Company’s MD and CEO Punit Goenka has introduced a new revenue model for this.
Apart from this, the company’s business president Rahul Johri has resigned. The company has also accepted his resignation. ZEEL has informed about these decisions through a notification on Saturday 9 March.
Johri was in the company for the last 3 years. Before Zee, Rahul Johri was the first CEO of the Board of Control for Cricket in India (BCCI). Earlier, he also led Discovery’s South Asia operation.
Punit Goenka wishes Rahul Johri all the best
After this decision, Punit Goenka said, ‘Rahul has given a lot to the organization with his expertise and experience. I wish him success in his future endeavours. I am confident that his passion for sports and media business will continue.
The officers reporting to Johri will report to the MD&CEO.
The company issued a statement saying, ‘This announcement is the first step towards streamlining the organization to improve resource allocation and increase productivity.’ All executives reporting to Johri will now report directly to the company’s MD and CEO Punit Goenka.
Puneet prepared a roadmap to increase efficiency
The Board has decided to closely monitor the business model and plan presented by the MD and CEO of the company. In which a roadmap has been prepared to increase performance and efficiency to increase the company’s revenue and profit.
Chief Growth Officer Ashish Sehgal will work with MD
At the same time, Chief Growth Officer of Advertising Revenue, Ashish Sehgal will work closely with the MD and CEO. Earlier this week, ZEEL Chairman R Gopal had said at the Investor Summit that Zee’s business has been significantly affected due to the slowdown, transaction issues and merger activity in the industry. The company’s net consolidated revenue declined by 2.36% to Rs 2073.36 crore in the October-December quarter.
