Punit Misra quits Zee following Rahul Johri’s stepping down

Delhi: Punit Misra, Zee Entertainment Enterprises (ZEEL)’s President of Content and International Markets, has stepped down.

This move follows Zee’s President of Revenue Rahul Johri quitting a month earlier, due to change in organisational structures. 

Misra used to handle content for both the TV network of Zee as well as its digital offering Zee5, both domestically and globally. He also managed Zeel’s international business spanning 190 countries.

Previously, a few days back, Zee MD and CEO, Punit Goenka, announced his decision to implement a 20% reduction in his remuneration. 

Goenka said, “The organisation is sharply focused on adopting a frugal approach, as we move forward towards the set goals for the future. While I am in the process of implementing the required steps and actions across all the verticals of the company, I intend the required change in mindset, to begin from my desk. It is imperative to adapt as per the situation and at this point, ‘Accountability and Agility’ is the need of the hour. I must add that this voluntary decision is limited to me on a personal front.” 

Post the ZEE-Sony merger failure in January 2024, the company embarked on a restructuring plan aimed at reducing costs.