Reliance
Nita Ambani steps down from Reliance Industries Ltd board; Isha, Akash and Anant named non-executive directors
Mumbai/UNI: The Board of Directors of Reliance Industries Ltd (RIL) on Monday recommended to the shareholders for approval of the appointment of Isha Ambani, Akash Ambani and Anant Ambani as non-executive directors of the company.
"Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses.
"They also serve on the boards of the key subsidiaries of RIL. Their appointment to the Board of RIL will enable RIL to gain from their insights and infuse new ideas," RIL Board said.
Their appointment will take effect from the date they assume office after approval by the shareholders.
"The Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make an even greater impact for India," an official statement said.
As the chairperson of Reliance Foundation, Nita Ambani will attend all the RIL Board meetings as a permanent invitee to the Board.
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