The election took place at a meeting of the Board of Directors following the Company's 69th Annual General Meeting here today.
Goenka, an engineer by qualification and a publisher by profession, runs one of the most widespread newspaper publishing groups in India, which includes The Indian Express, Financial Express, Marathi daily Loksatta, Hindi daily Jansatta and a host of online news
Goenka is also a director of the Indian Newspaper Society (INS) besides being a member of the Advertising Association, India Chapter. He also served as Chairman of United News
of India news agency, as a Council Member of the Audit Bureau of Circulation and was one of the youngest past Presidents of the Indian Newspaper Society.
As head of the non-profit Ramnath Goenka Foundation, Goenka launched the Ramnath Goenka Excellence in Journalism Awards which are now in their 12th year, for the finest work in the media in English and vernacular languages, print, TV and digital.
Goenka is a wildlife photographer and an avid student of conservation.
Ravi, an award-winning former journalist with an illustrious career in India and the United States, is a Director at Kasturi & Sons Ltd, which publishes The Hindu.
Ravi joined The Hindu in 1972, and served as reporter, leader writer and Washington Correspondent until 1980 when he became a Deputy Editor. He was Editor from 1991 to 2011 and Editor-in-Chief from October 2013 until January 2015.
During his 42-year journalism career, Ravi covered several international conferences and travelled with prime ministers and presidents to cover international summits. His writings and interests include India-U.S. Relations, constitutional and political issues, economy, free speech and human rights.
He has a Master's degree in economics and a bachelor's degree in law. He has previously been Chairman of the Press Trust of India, and President of the Editors' Guild of India. He was a member of the Indian government's National Security Advisory Board from 2006 to 2008.
Ravi is the recipient of several professional awards, including the G. K. Reddy Memorial Award and BREAD Role Model Award, and was awarded an honorary doctorate by the Sri Venkateswara University, Tirupati.
Besides Goenka, Ravi and Mathew, members of the PTI Board are Mahendra Mohan Gupta (Dainik Jagran), K.N. Shanth Kumar (Deccan Herald), Vineet Jain (Times of India), Aveek Kumar Sarkar (Anand Bazar Patrika), M.P. Veerendra Kumar (Mathrubhumi), R. Lakshmipathy (Dinamalar), Vijay Kumar Chopra (The Hind Samachar Ltd), Rajiv Verma (Hindustan Times), Hormusji N. Cama (Bombay Samachar), Justice R.C. Lahoti, Prof. Deepak Nayyar, Shyam Saran and J.F. Pochkhanawalla.
Addressing shareholders during the Annual General Meeting, outgoing Chairman Mathew noted that the Company posted a revenue of Rs. 172.76 crore during 2016-17 as against Rs.166.36 crore in the preceding year, an increase of Rs. 6.4 crore.
"PTI once again proved to be the pre-eminent news service in India with its fact-based and balanced reportage, fulfilling the news cooperative's core commitment to its diverse subscribers," Mathew said.
The PTI Board took a major decision last year to split the roles of Chief Executive Officer (CEO) and Editor-in-Chief (EIC), which were traditionally held by one person, to meet growing challenges resulting from the changing media landscape.
The editorial team is now led by a new Editor-in-Chief, Vijay Joshi, a veteran journalist with more than three decades experience in the profession. The CEO is Venky Venkatesh, who also has more than three decades experience in sales, marketing, corporate affairs and media.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)