ZEEL elevates Rajesh Sethi to CEO, Taj TV; Arun Kapoor moves on

Sethi, presently the global CEO of Ten Sports, will take charge of Taj TV and oversee the sports and distribution business with effect from May 1, 2015.

Zee Entertainment Enterprises (ZEEL) has announced the resignation of Arun Kapoor, CEO, Taj TV - distribution business and the elevation of Rajesh Sethi to CEO, Taj TV.

Kapoor has decided to move on to pursue his alternate career interests outside the group.

Sethi, presently the Global CEO of Ten Sports, will take charge of Taj TV and oversee the sports and distribution business with effect from May 1, 2015.

He will continue to report to Punit Goenka, MD and CEO, ZEEL. Meanwhile, Kapoor will continue to be a part of the group and will help in streamlining and handholding Sethi in the transition over the next couple of months.

Commenting on the developments, Goenka says, "Arun was instrumental in setting up the team at Taj TV. He was also a part of the leadership team of the initial JV which established the distribution business and harnessed available opportunities for the organisation. We wish to thank Arun for the years of engagement with us and for contributing to the success of the organisation; we wish him the best."

Goenka adds, "In the last 18 months, Rajesh has been a catalyst in turning around Ten Sports with a strong focus on processes, people and delivering a strong sustainable financial performance. I am confident that Rajesh's rich experience and knowledge across multiple domains will help us take Taj TV to the next phase of growth. We wish Rajesh and the entire distribution team the very best for continued success."

Speaking on his tenure, Kapoor shares, "It was one of my most satisfying stints at ZEEL. Under the leadership and guidance of chairman and Punit, we have managed to establish Taj TV as one of the leading players today. I thank them for the opportunity and wish Rajesh and his team all the success."

Sethi comments, "Media distribution is one of the fastest growing domains, with evolving regulatory mechanism, which offers both opportunities and challenges. This challenges the traditional way of doing businesses and offers immense future opportunities. In a short span of its launch, Taj TV distribution has grown in revenues multi-fold and successfully established itself as a dominant player in the distribution market. With the new team, I am sure we will be able to tap this opportunity and contribute to further progress of the company."

Sethi has over 22 years of experience in varied industries like media, insurance and automotive, from across India and South East Asia. Before joining ZEEL, Rajesh was associated with big conglomerates like Tata, General Electric and Allianz, with a proven track record of progressive leadership and entrepreneurial success. He is an accomplished entrepreneurial leader with a reputation for value creation and growth.

A mechanical engineer, Sethi has received his executive education from Harvard Business School, Kellogg School of Management & INSEAD. He has also earned his PGDM in Sales and Marketing and has completed his Professional Diploma in International Business.