Mukesh Ambani Resigns as Reliance Jio Director, Akash Ambani Named Chairman
Mukesh Ambani has resigned as the director of the company effective from 27 June.
New Delhi: Mukesh Ambani has resigned as the director of Reliance Jio, the digital division of Reliance Industries said on Tuesday, reports the NDTV. Akash Ambani, a non-executive director and Mukesh’s son, has been named the firm’s new board chairman, a step being seen as succession planning by the 65-year old billionaire..
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Mukesh Ambani has resigned as the director of the company effective from 27 June. The Board also approved the appointment of Pankaj Mohan Pawar as the Managing Director for a period of five years commencing from June 27, subject to shareholders’ approval.
The company also said the Board approved the appointment of Raminder Singh Gujral and K.V. Chowdary as Additional Directors, designated as Independent Directors, for a period of five years commencing from June 27, subject to shareholders’ approval.
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