ZEE's CFO Rohit Kumar Gupta resigns; Mukund Galgali to take over as acting CFO

Rohit Kumar Gupta's resignation is the latest in a long list of top level exits recently.

By  Storyboard18Jun 19, 2024 8:05 AM
ZEE's CFO Rohit Kumar Gupta resigns; Mukund Galgali to take over as acting CFO
Rohit Kumar Gupta, ZEE's CFO, resigns.

Rohit Kumar Gupta, Chief Financial Officer, ZEE Entertainment Enterprises Ltd, has decided to step down from his position due to personal reasons. Mukund Galgali, who has been with the Group for more than 17 years and currently spearheading the Commercial and Strategic Initiatives of the Company, as an acting Chief Financial Officer.

In the past few months, the company has also seen a host of resignations across board. Some of these include Rahul Johri, President Business- South Asia, Nitin Mittal, President – Technology and Data, Punit Misra, President – Content and International Markets at ZEEL and others.

Previously, MD and CEO Punit Goenka had outlined his strategy to improve margins in the coming quarters. He had highlighted the three focus areas for the company. They were frugality, optimisation, and a sharp emphasis on high-quality content. During the earnings call for FY 24 Q4 results, Goenka emphasised 'frugality' again. According to him, the need of the hour is to pivot to business to achieve a balanced cost structure in order to achieve sustained long term growth.

"With that backdrop we are looking at every element of the business with the lens of improving the overall performance. As a result we expect some short term aberration in digital business financial performance,” he had said.

First Published on Jun 19, 2024 8:04 AM

More from Storyboard18

Brand Makers

Rohitash Srivastava joins 82.5 Communications as Chief Strategy Officer

Rohitash Srivastava joins 82.5 Communications as Chief Strategy Officer

Brand Makers

Meta's head of AI research head steps down, creating key vacancy amid AI expansion

Meta's head of AI research head steps down, creating key vacancy amid AI expansion

Brand Makers

Cheil SWA appoints Jitender Dabas as CEO of Cheil X

Cheil SWA appoints Jitender Dabas as CEO of Cheil X

Brand Makers

REA India CEO Dhruv Agarwala to step down

REA India CEO Dhruv Agarwala to step down

Brand Makers

Google Pay, PhonePe, Paytm account for over 90% of UPI transaction value and volume in 2H 2024

Google Pay, PhonePe, Paytm account for over 90% of UPI transaction value and volume in 2H 2024

Brand Makers

Apoorva Mukhija aka 'The Rebel Kid' erases Instagram posts after India's Got Latent controversy

Apoorva Mukhija aka 'The Rebel Kid' erases Instagram posts after India's Got Latent controversy

Brand Makers

NPCI names Sohini Rajola as Executive Director - Growth

NPCI names Sohini Rajola as Executive Director - Growth

Brand Makers

Grey India appoints Harsh Kapadia as Chief Creative Officer

Grey India appoints Harsh Kapadia as Chief Creative Officer