ANI
28 Jun 2022, 19:07 GMT+10
New Delhi [India], June 28 (ANI): Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.
In a stock exchange filing, Reliance Jio Infocomm said the company's board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company."It said that the Board of Directors in their meeting held on June 27 noted the resignation of Mukesh D Ambani as Director of the company effective from the close of working hours on June 27, 2022.
Akash has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group and is now leading the creation of the 'convergence dividend' for over 500 million consumers, digitally and with high-inclusivity across geographies and income levels.
His elevation as Chairman of Reliance Jio Infocomm recognises the specific contributions made by him to the digital services journey and rededicates him to even higher levels of responsibilities, going forward.
Mukesh Ambani will continue to be the Chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands including Reliance Jio Infocomm.
Akash Ambani, who has graduated from Brown University with a major in Economics, has been closely involved with the creation of the digital ecosystem around Jio's 4G proposition. He was closely involved with a team of engineers in inventing and launching an India-specs focussed Jiophone in 2017 which became quite a revolutionary device to take many people out of 2G to 4G.
Akash personally led the key acquisitions made by Jio in the digital space in the last few years and has also been keenly involved with the development of new technologies and capabilities including AI-ML and blockchain.
He was integrally involved in the trailblazing global investments by tech majors and investors in 2020, which in many ways catapulted Jio onto the global investor map.
Akash is expected to continue to operate on the cutting-edges of innovation and technology to encourage an ecosystem that will further digital solutions and make the power of data and technology more accessible to all, including those who are still at the margin.
He will continue Jio's efforts "to build India into a highly inclusive, highly digital society".
According to the filing on stock exchanges, Pankaj Pawar has been appointed Managing Director of Reliance Jio Infocomm for the next five years.
The Board has also approved the appointment of Raminder Singh Gujral and K.V. Chowdary, as Additional Directors of the Company, designated as Independent Directors for a period of five years commencing from June 27, 2022, subject to the approval of the shareholders. (ANI)Get a daily dose of Entertainment Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Entertainment Sun.
More InformationJERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
MEXICO CITY, Mexico: Mexican President Claudia Sheinbaum said this week that her government is investigating possible environmental...
CAPE CANAVERAL, Florida: In a landmark flight for three nations and a veteran U.S. spacefarer, a four-member astronaut crew launched...
WASHINGTON, D.C.: In a striking escalation of tensions between the executive and judicial branches, the Trump administration has filed...
DUBLIN, Ireland: Post-tax profits at Ballymaloe Cookery School rose by 53 percent in 2024 to 135,952 euros, helped by the buzz around...
Armenias ancient church finds itself at the center of a political storm as the government cracks down on dissent within its ranks ...
Washington [US], June 29 (ANI): Emma Stone has come to the defence of her 'Eddington' co-star Austin Butler after a viral incident...
Mumbai (Maharashtra) [India], June 29 (ANI): The much-awaited trailer of 'Tanvi The Great' is all set to be released on Monday, June...
Los Angeles [US], June 29 (ANI): The Fast and Furious series may be racing toward a big finish. Actor-rapper Ludacris, during a recent...
Mumbai (Maharashtra) [India], June 29 (ANI): Filmmaker Subhash Ghai recently took a trip down memory lane as he remembered the late...