ZEE's MD & CEO streamlines the Company's Technology and Data vertical, accepts the resignation of Mr. Nitin Mittal

ZEE Entertainment Enterprises Ltd. (ZEE), today announced the strategic changes in the Technology and Data vertical, implemented by its MD & CEO, Mr. Punit Goenka, under the guidance of the Company's Board.

The MD & CEO has accepted the resignation of Mr. Nitin Mittal.

Mr. Amrit Thomas, responsible for Data Science, Mr. Kishore Krishnamurthy, responsible for Engineering, Mr. Bhushan Kolleri, responsible for Product and Mr. Vishal Somani, responsible for Enterprise and Content Technology; on an interim basis, will report into Mr. Amit Goenka, President - Digital Businesses & Platforms.

Under the guidance of the Board and in line with the strategic approach undertaken by the MD & CEO, significant steps are being implemented to build a new lateral structure that lays a sharper emphasis on accountability and results.

The steps taken by the MD & CEO are aimed towards achieving a cost-effective structure, optimizing the resources and maintaining a sharp focus on quality, enabling continued success for the long-term growth of the Company.

Shares of Zee Entertainment Enterprises Limited was last trading in BSE at Rs. 142.25 as compared to the previous close of Rs. 147.25. The total number of shares traded during the day was 2535959 in over 25912 trades.

The stock hit an intraday high of Rs. 149.05 and intraday low of 141.00. The net turnover during the day was Rs. 364429525.00.

Source : Equity Bulls

Keywords

ZeeEntertainmentEnterprises INE256A01028 StrategicChanges Technology Data Verticals