Arun Kapoor, CEO of Taj TV has quit the company, resulting in Rajesh Sethi to be promoted from Ten Sports CEO to chief executive position at Taj TV.
Furthermore, Sethi will be overlooking the sports as well as distribution business at ZEE from Friday 1st May. Sethi will continue to report to ZEEL MD & CEO, Punit Goenka. Goenka said, ���Arun was instrumental in setting up the team at Taj TV. He was also a part of the leadership team of the initial JV which established the distribution business and harnessed available opportunities for the organisation.�
Goenka added, ���In the last 18 months, Rajesh has been a catalyst in turning around Ten Sports with a strong focus on processes, people and delivering a strong sustainable financial performance. I am confident that Rajesh�۪s rich experience and knowledge across multiple domains will help us to take Taj TV to the next phase of growth.�
Kapoor said, ���It was one of my most satisfying stints at ZEE. Under the leadership and guidance of chairman and Punit, we have managed to establish Taj TV as one of the leading players today. I thank them for the opportunity and wish Rajesh and his team all the success.�
Sethi said, ���Media distribution is one of the fastest growing domains, with evolving regulatory mechanism, which offers both opportunities and challenges. This challenges the traditional way of doing businesses and offers immense future opportunities. In a short span of its launch, Taj TV Distribution has grown in revenues multifold and successfully established itself as a dominant player in the distribution market. With the new team, I am sure, we will be able to tap this opportunity and contribute to further progress of the company.�
Kapoor will remain at the company for a couple of months to see through the transition.