Zee Entertainment MD & CEO Punit Goenka Gets Higher Performance Targets
Indian media and entertainment company’s board approves higher targets to evaluate the performance of Punit Goenka
(The Corner Office Journal) -- Zee Entertainment Enterprises Ltd. said its board approved higher targets to evaluate Managing Director & Chief Executive Officer Punit Goenka’s performance.
The development is based on the recommendation of the nomination and remuneration committee, the Indian media and entertainment company said in a stock exchange announcement.
The targets include a quarterly consolidated revenue and EBITDA outlook for the next four quarters, commencing 3QFY25, as well as a payout of 25% of consolidated net profit as dividend to the shareholders, it added.
Zee said the board will track the performance of Goenka based on these targets.
In October, Zee reappointed Goenka for five years, effective 1 January 2025. The company, which will hold its annual general meeting on 28 November, said the reappointment is subject to approval of shareholders.
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