Billionaire Mukesh Ambani’s Reliance Industries has appointed Srikanth Venkatachari as Chief Financial Officer efficient June 1, based on a inventory change submitting.
He takes over from Alok Agarwal, who has been CFO since 2005, and can now assume the function of senior advisor to firm chairman and managing director Mukesh Ambani.
Mr. Venkatachari, 57, presently is the joint CFO for the corporate. Mr. Agarwal, 65, who joined Reliance in 1993, has accomplished 30 years with the corporate.
Mr. Venkatachari, who has been sharing part of the obligations of the CFO place with Mr. Agarwal for the previous couple of years, has been with Reliance for the final 14 years.
He had beforehand labored with the Citi Group for 20 years in foreign currency trading and derivatives and ultimately turned the pinnacle of markets. “Agarwal, Chief Financial Officer of the company, will assume a new role as Senior Advisor to the Chairman and Managing Director of the company assisting him on a wide range of strategic issues with effect from June 1, 2023, after 30 years of distinguished service,” the submitting mentioned.
Mr. Agarwal was appointed as the CFO of the corporate in 2005. “The Board appreciated Alok Agarwal for his contribution in the transformative journey of the company,” it added.
