Mukesh Ambani news: Mukesh Ambani resigns from Reliance Jio, Akash Ambani becomes the chairman of the company

Mukesh Ambani news: Mukesh Ambani resigns from Reliance Jio, Akash Ambani becomes the chairman of the company

LiveInfo: Major changes have been made in the management of the country’s largest telecom company Reliance Jio. Mukesh Ambani has resigned from the post of director of the company while his eldest son Akash Ambani has been made the chairman of the company. This announcement has been made ahead of Reliance’s AGM (RIL AGM).

Highlights

Mukesh Ambani resigns as director of Reliance Jio

Akash Ambani has been made the new chairman of the company’s board.

Pankaj Mohan Pawar has been appointed as the Managing Director of the company.

Mukesh Ambani will continue as chairman of flagship company Jio Platforms

New Delhi: There has been a big change in Reliance Jio, the company of Mukesh Ambani, the second largest rich in Asia and India. Mukesh Ambani has resigned as the director of the company. His eldest son Akash Ambani has been made the chairman of the company’s board. In the information given to Market Regulatory SEBI (SEBI), the company said that the board meeting was held on 27 June 2022. In this, the board of Reliance Jio approved the appointment of Akash Ambani as the chairman of the board. This announcement has been made ahead of Reliance’s AGM (RIL AGM).

The company said that Pankaj Mohan Pawar has been made Managing Director for the next five years. Similarly Raminder Singh Gujral and K.V. Choudhary has been made director for five years. His appointment will be deemed to be effective from June 27, 2022. According to the information given to SEBI, Mukesh Ambani has resigned from the post of director of Reliance Jio on June 27, 2022. Akash Ambani, the new chairman of Reliance Jio, has previously been a non-executive director in the company. Jio has acquired several companies in the digital sector in recent years. Akash Ambani has played an important role in this. At the same time, he was also closely involved in the development of new technologies. These include AI-ML and Blockchain. He was also instrumental in creating a digital ecosystem connected to Jio’s 4G technology.

Akash Ambani’s Responsibility

Akash Ambani, the new chairman of Reliance Jio, has previously been a non-executive director in the company. Mukesh Ambani will continue to be the chairman of the flagship company Jio Platforms Ltd. Jio Platforms Limited owns the digital services brands of Jio, including Reliance Jio Infocomm. The resignation of Mukesh Ambani and the appointment of Akash Ambani is being seen as handing over the leadership to the new generation. Akash took an economics degree from Brown University in 2014. After that he joined his family business. Jio Platforms, Jio Limited, Saavn Media, Jio Infocomm, Reliance Retail Ventures are on the board. Married to Shloka Mehta in the year 2019.

Akash Ambani has been made the chairman of Reliance Jio at a time when preparations are being made to launch 5G network in the country in the next few months. Telecom companies of the country are expecting an increase in users on average revenue, which is very important for profit in this industry. On Tuesday, the company’s stock closed at Rs 2,529, up 1.5 per cent on the BSE. For More Join LiveInfo

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