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According to a statement released by the media and entertainment company on November 18, Goenka had requested that the board remove him from his role as managing director of the business so that he may "focus" on his operational duties as CEO
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The decision comes after the board approved enhanced performance targets for Goenka, including quarterly consolidated revenue and EBITDA goals for the next four quarters starting October
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Gienka has been the CEO of the company for more than 15 years
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