Zee Media Corporation Ltd on May 6 said its CEO Abhay Ojha has been terminated with effect from May 4.
In a regulatory filing, the company said its Board of Directors at their meeting held today has approved and confirmed the cessation of employment of Ojha from the organisation and his consequent cessation as the Chief Executive Officer of the company with effect from May 4, 2024.
"On account of termination of employment, Abhay Ojha has ceased to be the Chief Executive Officer of the company," the filing added. The company, however, did not elaborate the reasons for his termination.
Ojha was promoted as CEO of the company last year. He had joined Zee Media in 2022 as Chief Business Officer and P&L head of linear channels, excluding WION and Zee Business. Earlier last month, Piyush Choudhary, who was Chief Manager – Legal, of Zee Media had resigned effective from the close of business hours of April 30, 2024.
Shares of Zee Media today closed 1.36 percent lower at Rs 10.90 apiece on BSE.
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