Hires & Promotions: ZMCL, Future Generali India Life Insurance, Meta

Quick look at new hirings, promotions and people movements this week

Abhay Ojha to be appointed ZMCL’s CEO

ZEE Media Corporation (ZMCL) is in the process to appoint Abhay Ojha as the Chief Executive Officer.

“We wish to inform you that, the Nomination and Remuneration Committee of the Company, at its meeting held on today i.e. 14 February, 2023, considered the candidature of  Abhay Ojha, for appointment as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company and advised the management to file the necessary application with the Ministry of Information and Broadcasting ('Ministry') for obtaining the prior approval of the Ministry, as required under the Up-linking Guidelines,” the company says in a BSE filing.

In November last year, Ojha was appointed the Chief Business Officer for all linear channels, excluding Zee Business and WION.

Ojha joined ZMCL in February 2022 where he was appointed the P&L Head for Cluster 3. Prior to this, he was the CEO at Changa. He has also held leadership roles at HUL and Star. 

Future Generali India Life Insurance appoints Alok Rungta as Head-Business Transformation

Future Generali India Life Insurance Company has announced the addition to its senior leadership team by appointing Alok Rungta as Head of Business Transformation & Chief Financial Officer. 

This announcement comes with the backdrop of its Managing Director & CEO – Bruce de Broize earlier announcing his focus on driving profitable growth in the Indian market.

Bruce de Broize, Managing Director & CEO, Future Generali India Life Insurance shares, “I am delighted to welcome Alok Rungta as Head Business Transformation & Chief Financial Officer. His strong background within the insurance sector will help drive forward strategic plans and deliver long-term value to all our stakeholders, including customers, partners, and employees. With his extensive and rich global experience, we are confident that Alok will strengthen our position of becoming a leading, life insurance company and a lifetime partner to our stakeholders.”

Alok Rungta, Head Business Transformation & Chief Financial Officer adds, “I am grateful and humbled by the trust bestowed on me with this new role. With these changing times, leading the business transformation and finance vertical will allow me to manage and identify areas of growth within and implement processes to accelerate performance. The role of Finance has become even more strategic, and I look forward to working closely with the entire team at Future Generali India Life Insurance. The life insurance industry in India is at a strategic juncture and brimming with growth opportunities, and I look forward to contributing towards its journey of expansion and profitability.”

Meta Chief Business Officer Marne Levine moves on

 Meta's Chief Business Officer Marne Levine has moved on after a 13-year stint.

Nicola Mendelsohn will now be the head of the global business group, says Meta. Levine will stay with Meta until the summer, the company further states.

COO Javier Olivan expresses in the statement, “From running global policy to growing our Instagram business as the first COO, to leading our ads and business partnerships teams, Marne has been an incredible leader at Meta over the last 13 years. I’m grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day.”

In a social media post, Levine said that it was time to start a new chapter.