NEW-DELHI: In a strategic move reflecting a shift in leadership dynamics, Reliance Industries Ltd (RIL) has witnessed notable developments as Nita Ambani resigns from the board and the recommendation of Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors gains momentum.
During the company's recent board meeting held on Monday, the directors of RIL thoughtfully deliberated on the appointment of non-executive directors. The dynamic trio from the Ambani family, Isha, Akash, and Anant Ambani emerged as the board's recommended candidates for these crucial roles. Their elevation to these positions awaits the shareholders' approval and will be effective once they assume office.
The board meeting also marked a pivotal moment as Nita Ambani, a prominent figure in the company, stepped down from her position. Nita Ambani's decision to resign stems from her desire to channel her efforts and time towards the strategic advancement of Reliance Foundation (RF), the organization's philanthropic arm. Nita Ambani will continue to serve as a valuable asset to RIL by attending board meetings in a permanent invitee capacity, representing RF.
Notably, Recognizing Nita Ambani's instrumental role as the founder chairperson of Reliance Foundation, the board expressed its appreciation for her unwavering leadership in driving the foundation's initiatives. Over the years, RF has commendably advanced its mission of uplifting marginalized communities in India, a feat that resonates with Nita Ambani's intention to amplify the foundation's impact further. As the new phase unfolds, Nita Ambani will continue to be a vital presence in RIL's governance as the chairperson of Reliance Foundation.