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.
With effect from July 7, he has been "appointed an additional director (non-executive, non-independent director)", Network18 said in a stock exchange filing.
"Further, he is also designated as chairman of the company."
The shedding of the independent director tag is being seen as giving Zainulbhai -- an IIT and Harvard graduate who previously was chairman of McKinsey India as well as chairman of Quality Council of India -- more say in the company's operations.
Zainulbhai was first appointed on the board of Network18 in July 2014.
The company said its board has also approved "re-appointment o
