Akash Ambani appointed chairman of Jio; Mukesh Ambani steps down as director

Industrialist Mukesh Ambani has resigned as the director of Reliance Jio. At the same time, Reliance Jio India Limited has approved the appointment of non-executive director Akash M Ambani as the chairman of the board of directors of the company. Akash Ambani’s appointment will be effective from June 27. Also, Pankaj Mohan Pawar will take over as the Managing Director of the company from June 27. The company’s board has approved the appointment of a new chairman and MD.

Akash Ambani has an important contribution in Jio

Before Akash Ambani, a graduate in economics from Brown University, his father Mukesh Ambani was the company’s chairman. The board has also accepted the resignation of Mukesh Ambani from the post of chairman. This appointment is being seen as handing over the leadership to the new generation. Mukesh Ambani will continue to be the chairman of Jio Platforms Limited. The credit for setting up Jio’s 4G ecosystem goes largely to Akash Ambani. In 2020, big tech companies from all over the world had invested in Jio, Akash had also worked hard to bring global investment to India.