Mukesh Ambani resigns from Reliance Jio, son Akash made chairman

Mukesh Ambani has resigned from the board of his group’s telecom arm, Reliance Jio and handed over the reins of the corporate to elder son Akash, a step seen as succession planning by the 65-year previous billionaire.

In a inventory alternate submitting, Reliance Jio Infocomm mentioned the corporate’s board at a gathering on June 27, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.” This comes after his father resigned with impact from shut of working hours on June 27, it mentioned.

Among different appointments, Pankaj Mohan Pawar was appointed Managing Director of the corporate for 5 years starting June 27.

Raminder Singh Gujral and KV Chowdary had been appointed unbiased administrators, it added.

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