The Board of Directors of the Company at its meeting held today, on the recommendationof the Human Resources, Nomination and Remuneration Committee, considered andappointed Shri Anant M. Ambani (DIN: 07945702), a Non-Executive Director of theCompany, as Whole-time Director designated as Executive Director of the Company, fora period of 5 (five) years with effect from May 1, 2025, subject to the approval of themembers of the Company.
RELIANCE · price
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Reliance Industries' Board has appointed Shri Anant M. Ambani (DIN: 07945702) as a Whole-time Director, designated as Executive Director, for a five-year term starting May 1, 2025. The appointment was made on the recommendation of the Human Resources, Nomination and Remuneration Committee and is subject to approval by company members. Anant Ambani, part of the promoter Ambani family, was previously serving as a Non-Executive Director and is now being elevated to an executive role on the board.
This signals a planned succession move within the promoter family, giving Anant Ambani a formal executive position and deeper operational role at RIL. Shareholders will need to approve the appointment, and the move may be viewed positively as a sign of continuity and long-term grooming of the next generation, though terms of remuneration will be closely watched.