Mukesh Ambani has stepped down as Reliance Jio’s director. The company said it had appointed non-executive director and Mukesh’s son Akash Ambani as the chairman of the board.
Akash Appointed Chairman
Mukesh Ambani has resigned as director of Reliance Jio effective from June 27. The firm said it had appointed non-executive director and Ambani’s son Akash Ambani as the chairman of the board.
Meanwhile, Pankaj Mohan Pawar will take over as the Managing Director of the company from 27 June.
Raminder Singh Gujral and KV Chowdary were appointed independent directors, said sources.
“In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we hereby confirm that Raminder Singh Gujral and KV Chowdary are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority,” the company said.