The Business Bytes
TBB BUREAU
MUMBAI, June 28, 2022
Reliance Jio Infocomm Limited Board on Tuesday approved Akash Ambani’s appointment as the Chairman of the company as Mukesh Ambani resigned as a Director of the telecom company.
In regulatory filing, Reliance Jio said the Board of Directors at its meeting held on Monday “approved the appointment of Akash Ambani, Non-executive Director, as the Chairman of the Board of Directors of the company”.
The company also said the Board “noted the resignation of Mukesh Ambani as Director of the company effective from close of working hours on June 27”.
The Board also approved the appointment of Pankaj Mohan Pawar as the Managing Director for a period of five years commencing from June 27, 2022 subject to shareholders’ approval.
The company also said the Board approved the appointment of Raminder Singh Gujral and K.V. Chowdary as Additional Directors, designated as Independent Directors, for a period of five years commencing from June 27, 2022 subject to shareholders’ approval.
