Mumbai: The 45th annual general meeting (AGM) 2022 of Reliance Industries Limited (RIL) has not only announced its rollout details for Jio 5G services but also indicated a clear hint at chairman and managing director Mukesh Ambani’s succession plan.
At the company’s 45th AGM, Ambani said,” At a time when a bright future is beckoning Reliance, what gives me optimism is our huge reservoir of young, dynamic, and best-in-class talent. Our next-gen leaders are confidently taking over the reins across businesses.”
“Akash and Isha have assumed leadership roles in Jio and Retail respectively. They have been passionately involved in our consumer businesses since its inception. Anant has also joined our New Energy business with great zeal. In fact, he is spending most of his time in Jamnagar,” he said during his speech.
“All three have fully inherited our Founder’s Mindset. They are First Among Equals in a young team of leaders and professionals who are already doing amazing things at Reliance. Of course, all of them are being mentored on a daily basis by our senior leaders, including myself and the Board of Directors. All our next-gen leaders are determined, focused, and brimming with fresh ideas and creativity. They think big, and they think fast. They have the courage to dream, as well as the ability to execute them,” he added.
Reportedly, Ambani’s three children, daughter Isha and sons Akash and Anant, already hold various directorships in the conglomerate’s businesses.
With the early stages of succession planning, Ambani stepped down as the chairman of Reliance Jio Infocomm Ltd. in June, making way for his elder son, Akash, who took over the helm at the telecom business.
After which, there have been expectations of Isha Ambani, who is the current director of Reliance Retail, to be named chairman of the conglomerate’s retail unit.