NEW DELHI: Zee Entertainment Limited (ZEEL) named Subhash Chandra as Chairman Emeritus, the appointment will be effective from August 19, 2020. R Gopalan has been appointed as Chairman of the Board. This decision was made in a recent board meeting.
"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," said the company.
The statement read, “Referred as the 'Father of Indian Television', Shri. Chandra's pioneering vision has contributed immensely to the Company and the Industry at large, creating millions of jobs across the Nation. For his contributions to the Industry, Shri. Chandra was awarded the 2011 International Emmy Directorate Award at the 39th International Emmy Awards in New York. With this, he became the first Indian ever to receive a Directorate Award recognizing excellence in media outside the United States. 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 company has also appointed R Gopalan as chairman of the board. The statement read, “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."
As an officer of Indian Administrative Services (lAS), has Gopalan has held various responsible positions including inter alia, as Member of Public Enterprises Selection Board, Secretary Dept of Economic affairs, Secretary, Department of Financial Services, CMD Tamilnadu Industrial Development Corporation, CMD Taminadu Newsprints and Papers Ltd, MD Tidel Parks Ltd, MD Tamilnadu Agro Industries Corporation Ltd, Director Department of Chemicals & Petrochemicals etc.
“During his career spanning 36 years, Gopalan gained rich experience in establishing and managing a Venture Capital Fund; Infrastructure financing, Managing Financial Institutions, Creating Institutions & Corporates, leading India negotiation team in WTO, formulating policy(ies) etc,” read the statement.
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