Punit Goenka, Managing Director of ZEE Leisure Enterprises Ltd (ZEEL), has requested the board to alleviate him of his MD position to deal with his duties as CEO. This resolution goals to enhance the corporate’s efficiency and profitability.
Goenka desires to deal with the operational duties because the chief government officer, the corporate stated in a press release on Monday.
“The Firm stays on a agency footing and is taking all the mandatory steps to construct a sturdy basis for its future. To make sure we keep a pointy deal with attaining our focused aspirations, the core companies require devoted time and vitality which may solely be achieved in an operational capability. Within the long-term curiosity of the Firm and all its stakeholders, I’ve approached the Board with a request to achieve operational focus because the Chief Government Officer. I’m grateful to the Board for recognising my efforts and supporting me on this method,” stated Goenka in a press release.
Moreover, Mukund Galgali has been appointed as the brand new Deputy CEO efficient instantly along with his present position as Chief Monetary Officer (CFO).
In October 2024, the board had accredited the proposal for Goenka’s re-appointment for a five-year time period, which will likely be efficient from January 1, 2025, to December 31, 2029.
Written with the View : afaqs