Subhash Chandra appointed Chairman Emeritus of ZEEL
Subhash Chandra has been appointed as Chairman Emeritus of ZEE Entertainment Enterprises Limited (ZEEL).
Effective from 19th August 2020, Chandra will take on the new role, while R Gopalan has been appointed as Chairman of the Board.
A statement issued by the company said, “Shri. Subhash Chandra, vide his letter dated August 18, 2020 has tendered his resignation, as the Non-Executive Director of the Company, which was reluctantly accepted by the Board of Directors. In the mentioned letter of resignation, Shri. Chandra expressed a great sense of satisfaction, having witnessed a Company which he founded 27 years ago, emerge into a global media & entertainment powerhouse. He also expressed his passion as an entrepreneur, to consistently work towards creating a better tomorrow and mentioned about his undivided attention needed for the same.”
“In recognition of the fact that Shri. Chandra founded the Company and considering his unmatched contributions, as a mark of respect, the Board requested him to act as ‘Chairman Emeritus’ with effect from August 19, 2020 and the same was accepted by Shri. Chandra. In this advisory role, his rich experience and farsightedness will help the Company immensely and his services, guidance and mentorship will be availed from time to time. This position will not carry any remuneration,” the statement added.
The company further stated, “Mr. R. Gopalan was appointed as an Additional Director in the category of Independent Director on November 25.2019. Mr. R Gopalan, who has done Master of Public Administration & Management from Harvard University, MA in Economics from Boston University and Bachelor’s in Chemistry from Madras University, has a rich experience in economic and financial administration of the country with long stints in Ministry of Commerce and Finance Ministry, and in Manufacturing and Services Sectors. He has been appointed as the ‘Chairman of the Board’ with immediate effect.”
Keep it with BizAsiaLive.com for more.
