Media and entertainment tycoon Zee Entertainment Enterprises Ltd (ZEEL) has appointed promoter Subhash Chandra as their chairman emeritus, followed by his resignation as non-executive director of the firm. This would mean that Chandra who was previously known as chairman would now continue to be associated with the business in an honorary fashion.
ZEE has also appointed R Gopalan, their former financial services secretary, as their new chairman. Gopalan has been serving as additional director (independent) at Zee since November 2019.
On Tuesday i.e. 18th August ZEE, in a filing to the Bombay Stock Exchange, said that, “In recognition of the fact that..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 him. This position will not carry any remuneration. As Chairman Emeritus, Shri. Chandra will continue to guide the Board and the Company’s Senior Management.”