Punit Goenka Expected To Step Down as ZEE MD to Focus on CEO Role

Punit Goenka has requested ZEE Entertainment’s Board to relieve him of his Managing Director (MD) role, prioritising operational responsibilities as Chief Executive Officer (CEO).

Goenka emphasised dedicating time to improve the company’s performance and long-term growth. Mukund Galgali, current Chief Financial Officer (CFO), has been appointed Deputy CEO and will report to Goenka. The board also plans to strengthen the management team by appointing a Deputy CFO. Earlier, ZEE’s Board approved Goenka’s re-appointment as MD and CEO for five years, effective January 2025, pending shareholder approval. New performance targets, including revenue, EBITDA, and dividend payout, will now guide his evaluation.

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