Mukesh Ambani quits, Reliance Jio appoints Akash Ambani as Chairman

Mukesh Ambani resigned and the Reliance Jio board has approved the appointment of Akash Ambani as Chairman of the Board, effective from June 27.

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This step is seen as succession planning by the 65-year-old billionaire.

In a stock exchange filing, Reliance Jio Infocomm said the company’s board at a meeting on June 27, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.”

“This comes after his father resigned with effect from close of working hours on June 27.” It added.

The company has also announced a few more appointments like; Pankaj Mohan Pawar as Managing Director of the company for five years beginning June 27.

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Raminder Singh Gujral and K V Chowdary were appointed independent directors for a period of five years commencing from June 27, 2022.

Akash Ambani graduated from Brown University with a major in Economics and has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group.

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He is now leading the creation of the ‘convergence dividend’ for over 500 million consumers.

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