In a recent development, 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 on Friday 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.