Former McKinsey India head Adil Zainulbhai has been reappointed as chairman of billionaire Mukesh Ambani’s listed media company Network18, while veteran journalist Rahul Joshi has been given another three-year term as managing director.

Zainulbhai, currently, is an independent director on the board of Network18. He is also the chairman of the company. His second five-year term ends on July 6, a PTI report stated.

With effect from July 7, he has been “appointed an additional director (non-executive, non-independent director)”, Network18 said in a stock exchange filing, adding, “Further, he is also designated as Chairman of the Company.”

Meanwhile, according to the stock exchange filing, the Board of Directors of Network18, at its meeting held June 4, took on record the invaluable guidance and contribution made by Zainulbhai in the growth of the company and its businesses during the last 10 years.

Renuka Ramnath, the filings stated, has been approved as an Additional Director (Independent Director) of the Company with effect from July 4, 2024 for a period of one year, subject to approval of the shareholders.

The Board noted the resignation of Bhama Krishnamurthy as an Independent Director of the Company with immediate effect, acknowledging the contribution made by her.