Mumbai: The Board of Directors of Zee Entertainment Enterprises Ltd. (ZEEL) has re-appointed Punit Goenka as Managing Director & CEO for 5 years.
ZEEL has communicated the development today, in its update to BSE and NSE.
The official filing issued by M Lakshminarayanan, the Chief Compliance Officer & Company Secretary of ZEEL stated that the Board of Directors 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.
“The said re-appointment shall be subject to approval Shareholders which shall be sought by way of Postal Ballot.” added the filing.