Money & Finance
POSTED BY: Ranjeet Kumar PUBLISHED: Jun 29, 22
On Tuesday, the Reliance Jio board named Akash Ambani as the next chairman of the board. The action was taken one day after Mukesh Ambani's resignation as director of the business took effect.
Raminder Singh Gujral and KV Chowdary have been added as additional directors of the firm and have been designated as independent directors
in addition to the nomination of Pankaj Mohan Pawar as the new managing director of the company. Ambani formerly held the position of non-executive director on the company's board.
In the meanwhile, Pawar succeeds Sanjay Mashruwala, the departing company's MD. Pawar has previously served as a director on the telco's board.
The elevation of Akash follows the resignation of Mukesh Ambani as Director of the company with effect from June 27. However, Mukesh Ambani will continue to be the Chairman of Jio Platforms Ltd
We hereby confirm that Raminder Singh Gujral and KV Chowdary are not barred from holding the office of Director by virtue of any Securities and Exchange Board of India order, the company said
Akash has been directly associated with the innovative and inclusive growth strategy put out by the Reliance Group's consumer retail and digital services businesses.