DTH

Arun Kapoor becomes new Dish TV CEO

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MUMBAI: Dish TV India has informed Bonmbay Stock Exchange that upon the recommendation of the Nomination and Remuneration Committee of the Board, the Board of Directors of the Company at their meeting held on 20 November 2015inter alia, has approved the appointment of Arun Kumar Kapoor as the Chief Executive Officer of the Company with effect from November 23, 2015.

Further, Kapoor, has also been nominated as a 'Key Managerial Personnel' of the Company under the applicable provisions of the Companies Act, 2013 and Listing Agreement. Kapoor was earlier CEO of Taj  TV, the Zeel; groups distribution business subsidiary, a post from which he resigned in April 2015.

Dish TV India CMD Jawahar Goel, while welcoming Arun Kapoor on board said, "Arun  brings a  depth of  business experience that  will  be a perfect  complement to  the expertise of Dish TV in  the DTH industry. His business acumen will enhance our ability  to deliver consumer oriented services while also increasing stake holder's value."

Kapoor, on his appointment as the CEO of Dish TV, said, "I am delighted to have the opportunity to lead Dish TV at this important stage in its journey and look forward to working with  the Dish TV team to  ensure that  the Company delivers as per its  strategic business objectives."

It may be recalled that the earlier Dish TV CEO R.C. Venkateish  or RC as he is called had resigned effective October 31, along with a number of personnel at Dish TV following a board meeting on October 27.  The meeting also saw the elevation of managing director Jawahar Goel as Dish TV chairman, and the resignation of non-executive promoter director Subhash Chandra from the board. RC shall however continue to be associated with the company in an advisory role specifically in areas relating to content, legal and regulatory affairs. He shall also continue to represent Dish TV in the DTH Association and before industry and regulatory bodies.

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