Zee Entertainment on Tuesday appointed founder Subhash Chandra as chairman emeritus on Tuesday after he quit as non-executive director. His appointment will take effect from August 19, the company said in a regulatory filing after market hours on Tuesday. As chairman emeritus, Mr Chandra will continue to guide the company’s board and its senior management, Zee Entertainment said.
Mr Chandra “expressed a great sense of satisfaction, having witnessed a company, which he founded 27 years ago, emerge into a global media and entertainment powerhouse”, it said.
Zee said Mr Chandra “expressed his passion as an entrepreneur, to consistently work towards creating a better tomorrow and mentioned about his undivided attention needed for the same”.
Mr Chandra had stepped down as chairman of the Zee Entertainment Enterprises board in November last year. NDTV