Anant Ambani named Reliance Industries executive director, to assume role from May 1

Mukesh Ambani’s son is set to take on the role of Executive Director at Reliance Industries Ltd (RIL) starting May 1. His appointment, approved by the RIL Board of Directors on Friday, is for a five-year term.

This development is a big step in the Ambani family’s succession planning for India’s largest conglomerate.

Previously serving as a Non-Executive Director, Anant Ambani will now assume executive responsibilities, joining the leadership team at RIL, according to a statement released by the company.