Reliance's next-gen Ambanis win shareholders' nod to become non-executive directors
Reliance Industries have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the company, it said in a stock exchange filing on Friday.
Chairman Mukesh Ambani at the company's 46th Annual General Meeting had said that his three children — sons Akash and Anant and daughter Isha — are «confidently taking over the reins» across businesses, in his first public pronouncement on succession planning in India's most valuable private sector company.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Leadership in AIVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisit«Akash and Isha have assumed leadership roles in Jio and Retail, respectively. They have been passionately involved in our consumer businesses since inception. Anant has also joined our New Energy business with great zeal. In fact, he is spending most of his time in Jamnagar,» Mukesh Ambani said at the AGM, adding that all three have fully inherited RIL founder Dhirubhai Ambani's mindset.
«They are first among equals in a young team of leaders and professionals who are already doing amazing things at Reliance,» said the RIL chairman, adding that all of them are being mentored on a daily basis by the company's senior leaders, including Ambani and the board of directors.
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Despite the confidence from the Reliance leadership, domestic proxy advisory firm Institutional Investor Advisory Services (IiAS) had advised Reliance shareholders to vote against the appointment of Anant Ambani to the board of the
