Reliance Industries president, Mukesh Ambani, hinted at a leadership shift
New Delhi:
Billionaire Mukesh Ambani on Tuesday addressed the leadership transition at his energy conglomerate to retail, saying he wants the process to be accelerated with seniors, himself included, giving way. place for the younger generation.
Mr Ambani, 64, who has not previously spoken of succession plans at the country’s most valuable company, said Reliance is “currently in the process of making an important leadership transition.” Ambani has three children – twins Akash and Isha, and Anant.
Speaking at Reliance Family Day, marking the birth anniversary of group founder Dhirubhai Ambani, he said Reliance Industries Limited (RIL) will become one of the strongest and most powerful Indian multinational companies. world’s most prestigious in the coming years, fueled by efforts into clean and green energy as well as retail and telecommunications businesses reaching unprecedented heights.
“Achieving big dreams and seemingly unattainable goals is all about finding the right people and the right leadership. Currently, Reliance is in the process of undergoing a leadership transformation. important leadership … from the seniors of my generation to the next generation of young leaders,” he said.
And this process, he wants to “be accelerated.” The speech was reported by a newspaper owned by Mr. Ambani.
The company did not immediately respond to an e-mail seeking comment on Mr. Ambani’s remarks on the succession.
“All seniors – myself included – should now make way for the highly capable, extremely dedicated and incredibly promising young leadership talent at Reliance,” said Mr. Ambani. “We should guide them, facilitate them, encourage them and empower them … and sit back and applaud when they perform better than us.” He did not say clearly.
Reliance currently has three verticals – energy business including refineries at Jamnagar in Gujarat, petrochemical plants and new energy plants, retail business including physical stores and commercial units online e-commerce in JioMart, and telecommunications and digital business in Jio.
Ambani said at Reliance must build an organizational culture that outlasts its leaders. “I have no doubt that Akash, Isha and Anant as the next generation leaders will lead Reliance to even greater heights.” In them, he sees “the same spark and potential” that the legendary industrialist and his father had “to make a difference to millions of lives and contribute to the development of India.” “Let us all wish them the best of luck in their quest to make Reliance even more successful with more transformative initiatives and winning even bigger prizes for our Reliance,” he said. I”.
He sounded cautious not to let his guard down, saying that while normalcy was slowly returning from the pandemic, it was still clouded by uncertainty about the spread of new variants.
Ambani said that despite the pandemic, Reliance has completely redesigned its energy business.
The energy business was previously limited to oil refining, petrochemicals, fuel retailing and natural gas production. Now, it is investing billions of dollars to set up clean energy plants.
