Reliance Industries seeks extension of Mukesh Ambani's term by 5 years

After Dhirubhai Ambani's demise on July 6, 2012, Mukesh was elected Chairman and Managing Director of RIL, while younger brother Anil was elected Vice Chairman and MD

Reliance Industries has sought shareholders' nod to give Mukesh Ambani another five years as the chairman and managing director of the company.
 
Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.
 
The company has in a shareholder notice for the 41st Annual General Meeting to be held on July 5 in Mumbai, moved a resolution to re-appoint Ambani "for a period of five years, on expiry of his present term of