Zee Announces Termination of CEO Abhay

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Zee Media Corporation Limited has announced the termination of Chief Executive Officer (CEO) Abhay Ojha’s services, effective May 4, 2024. Ojha received a promotion to CEO status within the organization last year. In 2022, he joined Zee Media as chief business officer, where he was responsible for managing the profit and loss of all linear channels except Zee Business and WION. Ojha has relinquished his interim position to Dr. Idris Loya, a seasoned technology veteran with almost three decades of experience.

Taking on LinkedIn to announce the details of his exit, he mentioned

Abhay Ojha’s services ceased from ZMCL

Piyush Choudhary, the chief manager of Zee Media’s legal department, submitted his resignation last month. It became effective on April 30, 2024, at the end of business hours. Dr. Idris Loya took on the role of acting CEO in the interim. He was previously employed by Essel Group as the group chief technology innovation officer. Additionally, Loya has worked for several organizations, such as Conimp Business Consulting, Samtek Semicon Devices, Sony Electronics (Singapore) Pte. Ltd., and the New Delhi Liaison Office.

Abhay previously worked for Star TV, Shop CJ, ZEEL, IndusInd Media, Turner, and HUL in addition to ZMCL. The Board had evaluated Ojha’s candidacy for the CEO position based on his extensive experience in entrepreneurship, his deep understanding of broadcast, digital transformation, short video applications, social commerce and digital distribution, FMCG, and home shopping, as well as ZMCL’s financial performance.

Prior to this, Dr. Idris Loya, the top executive of Essel Group, was connected to Navtech Pte. Ltd., Jwlrai Pte. Ltd., Sony Singapore, Samsung Semiconductor, and NIT Raipur. Dr. Loya has over thirty years of experience and specializes in innovation adoption and technology commercialization.

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