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Dish TV CEO RC Venkateish resigns

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MUMBAI: There’s change coming at the top in India’s oldest DTH operator Dish TV India. The company informed the Bombay Stock Exchange (BSE) a short while ago that its CEO R.C. Venkateish has resigned following a board meeting earlier today.

 

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.

 

Venky or RC as he is commonly called was Dish TV CEO for the past five years and his resignation will be effective from 31 October, 2015, while Chandra’s resignation comes into effect by end of today.

 

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.

 

Under his leadership, among other achievements, Dish TV more than doubled its revenues, increased market share and launched various new services including a  sub brand – ‘Zing’ for the regional market as well as turned profitable.

 

Said Goel, “On behalf of the Board of Directors and the entire company, I want to thank Mr. Venkateish for his outstanding work and leadership in continuing the growth and success story at Dish TV. His term as Chief Executive was marked by outstanding business performance and exemplary leadership in the challenging environment that the DTH sector operates in. Venkateish lead the company with strength, resolve and passion. Dish TV shall benefit with his continued association with it in an advisory role.”

 

Added RC, ”I have enjoyed every moment of my stint at Dish TV and it was a great experience to lead the company for over five years through a highly complex business environment and to build it to its current position as a strong profitable leader in the DTH space in India. I look forward to seeing the company continue to build on its successful track record of executing on its plans, innovating and expanding the business and remain very confident about its future prospects. I shall continue my association with Dish for the specific projects.”

 

Meanwhile the company has announced its Q2FY-2016 results. Details of that will follow shortly.

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