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Mukesh Ambani Resigns, Akash Ambani is New Jio Chairman

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Mukesh Ambani’s eldest son Akash Ambani will take over as chairman of Jio Infocomm’s board, the digital division of Reliance industries, in what is viewed as the 65-year-old billionaire’s succession planning. Mukesh Ambani has resigned as the company director effective from 27 June.

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Pankaj Mohan Pawar was among the other selections made, and his five-year term as managing director began on 27 June. KV Chowdary and Raminder Singh Gujral were named independent directors.

Mukesh Ambani will continue to serve as chairman and managing director of Reliance Industries Ltd (RIL) and as the chairman of Jio Platforms Ltd, the parent firm of all Jio digital services brands, including Reliance Jio Infocomm. Broadly, Reliance operates under three main business segments, petrochemicals and oil refining, retail, and digital services, which includes telecom.

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