MUMBAI: Zee Entertainment Enterprises Ltd’s (Zeel) Taj TV has seen a senior level exit. Taj TV distribution business CEO Arun Kapoor has put in his papers.
Ten Sports global CEO Rajesh Sethi will replace Kapoor, who has moved on to pursue alternate career interests.
Sethi will be overlooking the sports and distribution business of Taj TV from 1 May, 2015. He will continue to report to Zeel MD & CEO Punit Goenka.
Meanwhile, Kapoor will continue to be a part of the group and will help in streamlining and handholding Sethi in the transition over the next couple of months.
Goenka said, “Arun was instrumental in setting up the team at Taj TV. He was also a part of the leadership team of the initial JV, which established the distribution business and harnessed available opportunities for the organization. We wish to thank Arun for the years of engagement with us and for contributing to the success of the organization; we wish him the best.”
Speaking on Sethi’s appointment, Goenka added, “In the last 18 months, Rajesh has been a catalyst in turning around Ten Sports with a strong focus on processes, people and delivering a strong sustainable financial performance. I am confident that Rajesh’s rich experience and knowledge across multiple domains will help us to take Taj TV to the next phase of growth. We wish Rajesh and the entire distribution team the very best for continued success.”
Kapoor said, “It was one of my most satisfying stints at Zee. Under the leadership and guidance of chairman and Punit, we have managed to establish Taj TV as one of the leading players today. I thank them for the opportunity and wish Rajesh and his team all the success.”
Sethi added, “Media distribution is one of the fastest growing domains, with evolving regulatory mechanism, which offers both opportunities and challenges. This challenges the traditional way of doing businesses and offers immense future opportunities. In a short span of its launch, Taj TV distribution has grown in revenues multi fold and successfully established itself as a dominant player in the distribution market. With the new team, I am sure, we will be able to tap this opportunity and contribute to further progress of the company.”
