Nita Ambani has resigned from Reliance Industries' Board of Directors. Isha Amabani, Akash Ambani, and Anant Ambani will be appointed on the board
Nita Ambani has resigned from the Board of Directors of Reliance Industries, and the RIL board has recommended the appointment of Isha Ambani, Akash Ambani and Anant Ambani on the board. The Mukesh Ambani-owned company held its 46th Annual General Meeting today, where these changes were announced.
Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with the company, and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses, according to a report by The Economic Times.
"Their appointment to the Board of RIL will enable RIL to gain from their insights and infuse new ideas, the Board opined," RIL said in a statement ahead of its 46th Annual General Meeting.
"The Board of Directors appreciated Nita Ambani for her leadership of Reliance Foundation as its Founder Chairperson. Over the years, RF has made considerable progress in its mission of nurturing and empowering marginalised and under-resourced communities in India," the statement added.
Last year, Mukesh Ambani had laid out the path for his three children to take over the group’s myriad businesses, which are energy, telecom and retail.
"In a seamless transition of power across businesses, Akash and Isha have taken the helm at Jio and Retail, respectively. Anant's dedicated involvement in our New Energy business is evident, reflecting his commitment and enthusiasm," Ambani had said in the 45th AGM, while making the announcement.
The 66-year-old tycoon had made way for his first-born Akash Ambani to become the chairman of India's largest mobile firm, Reliance Jio Infocomm Ltd. Mukesh Ambani, however, continued to be the chairman of Jio Platforms, the firm that holds Reliance Jio Infocomm.