Mukesh Ambani steps down as director of Reliance Jio, son Akash takes over

The company said it has appointed Akash Ambani, son of a non-executive director and Mukesh, as chairman of the board.

Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, has said it will resign as director of the Mukesh Ambani unit.

The company says it has appointed Akash Ambani, son of a non-executive director and Mukesh, as chairman of the board, which is a 65-year-old billionaire’s succession plan.

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

It is said that this will happen after his father resigned to take effect on June 27 from the end of his working hours.

Among other appointments, Pankaj Mohan Pawar was appointed as Managing Director of the company for a period of five years from June 27.

It said that Raminder Singh Gujral and KV Chaudhary have been appointed as independent directors.

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