Zee Network’s former chief financial officer BR Jaju has quit. A key figure in formulating the company’s financial strategies and acquisitions during its expansion phase a couple of years back, Mr. Jaju was shifted from the finance department and was made head of events and content syndication.
He started the syndication division a few months back and was expected to contribute to the bottomline of the company. He was also heading Essel Vision, the arm which was into buying of movie rights.
But just around three months after being shifted from the head of finance, Mr. Jaju has put in his papers. He hardly settled down as president of the intellectual property rights (IPR).
Mr Jaju’s resignation has come at a time when Zee Network is going through a restructuring process. Sources said around 40 people in zeenext.com have left. Several staff from Zee News has also reportedly been asked to go.
As head of finance, Mr. Jaju handled key strategic issues including the buyout of assets from Star TV in the local joint ventures.