In a strategic move to infuse fresh perspectives and insights into its leadership, the Board of Directors of Reliance Industries (RIL) convened on Monday to recommend the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as Non-Executive Directors of the Company. The decision was taken on the recommendation of the Human Resources, Nomination and Remuneration Committee.
Upon approval by the shareholders, the trio’s appointments will take effect from the date they assume their office. Isha Ambani, Akash Ambani, and Anant Ambani have been actively engaged in managing and leading various key businesses of RIL over the past few years, including digital services, energy, materials, and retail. They also hold positions on the boards of RIL’s critical subsidiaries.
Their addition to the RIL Board is anticipated to infuse new ideas and perspectives, further propelling the company’s growth trajectory. These appointments signify the company’s commitment to nurturing homegrown talent and cultivating the next generation of leaders within the organization.
The Board of Directors also accepted the resignation of Nita Ambani from her position on the Board. This decision aligns with her aspiration to dedicate more of her time and energy to guide and empower Reliance Foundation (RF), a philanthropic organization that has been making a significant impact in the lives of marginalized and under-resourced communities in India.
Nita Ambani’s leadership as the Founder Chairperson of Reliance Foundation was praised by the Board, highlighting the substantial progress achieved under her guidance. The Board commended her request to further focus on strengthening Reliance Foundation’s impact through new programs and initiatives, aimed at achieving even greater societal transformation.
As Chairperson of Reliance Foundation, Nita Ambani will retain her connection to RIL, attending all Board meetings as a permanent invitee. Her continued presence will ensure that RIL continues to benefit from her invaluable guidance and insights.
These developments reflect RIL’s ongoing commitment to evolving its leadership dynamics and nurturing homegrown talent, ultimately driving innovation and growth across the conglomerate’s diverse business sectors.