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.
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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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