ZEEL appoints Subhash Chandra as Chairman Emeritus, R Gopalan as Chairman of the Board

• According to ZEEL's statement to the BSE, Subhash Chandra has tendered his resignation, as the Non-Executive Director of the Company.
• He has been appointed as Chairman Emeritus and 'will continue to guide the Board and Company's Senior Management'.
• R Gopalan has been appointed as Chairman of the Board.

Zee Entertainment Enterprises Limited (ZEEL) has announced the appointment of Subhash Chandra as Chairman Emeritus. It also announced that R Gopalan has been appointed as Chairman of the Board.

In its statement to the Bombay Stock Exchange (BSE), ZEEL said, "Shri Subhash Chandra, vide his letter dated August 18, 2020 has tendered his resignation, as the Non-Executive Director of the Company, which was reluctantly
accepted by the Board of Directors.

In the mentioned letter of resignation, Shri. Chandra expressed a great sense of satisfaction, having witnessed a Company which he founded 27 years ago, emerge into a global media & entertainment powerhouse. He also expressed his passion as an entrepreneur, to consistently work towards creating a better tomorrow and
mentioned about his undivided attention needed for the same. "

The statement further said that the Board had requested him to act as 'Chairman Emeritus' with effect from August 19, 2020 which was accepted by him. "In this advisory role, his rich experience and farsightedness will help the Company immensely and his services, guidance and mentorship will be availed from time to time. This position will not carry any remuneration.

"As Chairman Emeritus, Shri. Chandra will continue to guide the Board and Company's Senior Management," read the statement.

R. Gopalan was appointed as an Additional Director in the category of Independent Director on November 25, 2019. Gopalan, who has done Master of Public Administration & Management from Harvard University, MA in Economics
from Boston University and Bachelor's in Chemistry from Madras University, has a rich experience in economic and financial administration of the country with long stints in Ministry of Commerce and Finance Ministry, and in Manufacturing and Services Sectors. He has been appointed as the 'Chairman of the Board' with immediate effect, added the statement.