Reliance Industries Limited (RIL) today announced that the board has recommended Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the Company. It added that appointment will take effect from the date they assume office after approval by the shareholders.
RIL also announced that the Nita Ambani will resign from the board, but will remain as a chairperson of Reliance Foundation and will attend all the RIL Board meetings as a permanent invitee to the Board so that the Company can continue to benefit from her advice.
The company added that 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. The board said that their appointment to the Board of RIL will enable RIL to gain from their insights and infuse new ideas. Last year, Mukesh Ambani stepped down as Director of Reliance Jio, and Akash Ambani was made the chairman.