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Zee Entertainment Enterprises President Revenue Rahul Johri has quit the company as the entertainment major has implemented strategic changes to the revenue vertical of the broadcast business.
Punit Goenka, MD and CEO of Zee Entertainment, will work directly with the revenue teams as part of the streamlining of the company’s operations.
Ashish Sehgal, the company’s Chief Growth Officer for Ad Revenue, will report directly to Goenka following Johri’s exit. Sehgal will now work closely with Goenka to maximise value for the advertisers.
All other reportees of Johri will report to the office of Goenka. Johri joined Zee in 2020 after leaving the Board of Control for Cricket in India (BCCI) as CEO.
“I also look forward to working closely with Ashish and team, with an aim to drive higher growth in the advertisement revenue segment as the linear business landscape unlocks more growth opportunities,” Goenka said in a statement.
He also thanked Johri for adding value to the organisation.
“With his rich expertise and experience, Rahul has added immense value to the organization. I wish him all the success in his future endeavors. I am most certain that with his passion towards the Sports and Media Business; he will continue to contribute towards the industry at large,” Goenka noted.
Commenting on his decision, Johri said, “It has been a pleasure to work with Punit and the entire team. ZEE is an ‘Academy of Talent’ and I will always be a proud alumni. I will continue to work towards the upliftment of the sports and media industry, leveraging my expertise to unlock its potential. I wish Punit and team ZEE, all the very best.”
The streamlining is part of Goenka’s goal to optimise resource allocation and improve productivity.
“The management of the company, under the leadership of Mr. Goenka, will continue to take all the required steps that are aimed towards enhancing the performance of the Company and most above, in the interest of its esteemed shareholders,” Zee said in a statement.
The company added that Goenka will continue to implement the required measures to reduce costs, optimise resources, and sharpen the focus of the organisation towards enhanced levels of quality.
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