Nita Ambani to be appointed to Reliance Industries board

Tags: News
Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, has been recommended for appointment as a director on the board of the company.

Nita, 50, will take the place of Mukesh's uncle Ramnik H Ambani, who is retiring at the age of 90.

"The board of directors of RIL has recommended the appointment of Nita M. Ambani, the Chairperson of Reliance Foundation, as a director on the board of RIL," the company said today in a statement.

Shareholder approval for her appointment will be sought at the annual general meeting on June 18. The RIL board, headed by Mukesh Ambani, 57, currently has his cousins Nikhil R Meswani and Hital R Meswani, besides Ramniklal H Ambani.

Ramniklal is the elder brother of Dhirubhai H Ambani, the late Founder Chairman of the company and father of Mukesh.

P M S Prasad and P K Kapil are the only non-family executive directors on the company board.

The statement said Nita Ambani has made a significant contribution to the social sector by leading initiatives spanning education, health, rural transformation, environmental protection and sports.

"She was at the forefront of the ecological development of RIL's Jamnagar refinery site by implementing a greening plan covering 3.2 million trees over 2,000 acres. She also developed a world-class township in Jamnagar, setting new standards in quality of life," it said.

For the company's retail arm, Reliance Retail, she conceptualised and guided its corporate identity development across all formats. She is also Founder and Chairperson of the Dhirubhai Ambani International School.

"Her professional accomplishments and leadership skills will add significant value to the Board of RIL," the statement said.

EDITORIAL OF THE DAY

  • Allow 100 per cent FDI in asset reconstruction companies

    The asset reconstruction business is 13 years old and still struggling like a toddler.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Rajgopal Nidamboor

From complexity to prudent adaptability

It is a travesty that a host of new, strikingly ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture