Billionaire Mukesh Ambani has resigned as Director of Reliance Jio effective from 27 June 2022.
The working arm of Reliance Industries, Reliance Jio Infocomm Pvt Ltd Announced that Ambani is stepping down from the chair of Director and transferring all the leadership to his elder son Aakash Ambani.
Reliance Jio Infocomm, in a regulatory filing, said the company’s board at a meeting, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.”
Pankaj Mohan Pawar will take over as the Managing Director of the company from 27 June, according to the decisions taken at Jio’s Board of Directors meeting held on Monday, 27 June, 2022.