Zee Entertainment Enterprises Ltd has announced strategic changes in the revenue vertical of the broadcast business. Revenue leads will now report directly into MD and CEO Punit Goenka post the resignation of Rahul Johri, President-Business South Asia, the former CEO of the cricket board BCCI and Discovery Networks and a slew of news entities.
With immediate effect, Ashish Sehgal, Chief Growth Officer, Advertisement Revenue and will now directly report into the MD & CEO.
Notes a communique: “In line with the strategic approach undertaken by the MD & CEO, this announcement is the first step towards streamlining the organization, in order to optimize the resource allocation and enhance productivity. The Company has accepted the resignation of Rahul Johri. In his stint at Zee for over three years, Johri has led the revenue and monetisation vertical.”
Said Goenka: “With his rich expertise and experience, Rahul has added immense value to the organisation. I wish him all the success in his future endeavours. I am most certain that with his passion towards the sports and media business, he will continue to contribute towards the industry at large. 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.”
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.”
Meanwhile, in line with the new lateral structure being implemented, other than Sehgal, all other reportees of Johri, will report into the office of Goenka.
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