New Delhi, June 28, 2022: Akash Ambani, the elder son of well-known industrialist Mukesh Ambani, will now be the chairman of Reliance Jio Infocomm Limited. His name was stamped in the meeting of the Board of Directors held on June 27. Prior to this, Akash Ambani was working as a non-executive director on the board. This was revealed in the filing made by the company in the stock exchange on Tuesday.
Before Akash Ambani, a graduate in economics from Brown University, his father Mukesh Ambani was looking after the company’s chairman. The board has also accepted the resignation of Mukesh Ambani from the post of chairman. This appointment is being seen as handing over the leadership to the new generation. Mukesh Ambani will continue to be the chairman of Jio Platforms Limited.
Akash Ambani is largely credited with building Jio’s 4G ecosystem. In 2020, big tech companies from all over the world had invested in Jio, Akash had also worked hard to bring global investment to India.
In another major change, Reliance Jio Infocomm Limited has appointed Pankaj Pawar as the Managing Director of the company for the next 5 years. Additional directors Raminder Singh Gujral and K.V. Chaudhary will now look after the work as independent directors. His appointment will also be effective for 5 years. These appointments will be valid only after the approval of the shareholders.
Posted By: Navodit Saktawat