Ambani sets succession plan in motion; appoints all three children to Reliance board

Ambani sets succession plan in motion; appoints all three children to Reliance board

MUMBAI: On Monday, Mukesh Ambani’s children – Isha, Akash and Anant, were appointed to the board of Reliance Industries Ltd, in what is seen as a clear path for succession planning at India’s most valuable company. The board of the energy-to-technology conglomerate met ahead of the company’s annual general meeting (AGM) to approve the appointment of twins Isha and Akash, as well as Anant, as the “non-executive directors of the company,” the firm said in a stock exchange filing. Last year, the 66-year-old tycoon made way for his first-born, Akash Ambani, to become the chairman of India’s largest mobile firm, Reliance Jio Infocom Ltd. Ambani, however, continued to be the chairman of Jio Platforms, the firm that holds Reliance Jio Infocomm. Akash’s twin sister, Isha, 31, was identified for Reliance’s retail arm and the youngest sibling, Anant, for the new energy business. The filing also said Ambani’s wife, Nita Ambani, is stepping down from the company’s board.

Ambani sets succession plan in motion; appoints all three children to Reliance board
Ambani sets succession plan in motion; appoints all three children to Reliance board

 

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