Reliance Jio MD Resignation: Leadership Shift Amid Financial Success

Sanjay Mashruwala Resignation:

Sanjay Mashruwala, Managing Director of Reliance Jio Infocomm Ltd, has decided to step down from his role, effective June 9, 2024.

Leadership Transition:

Mashruwala was one of the two Managing Directors at Reliance Jio, and Pankaj Mohan Pawar will continue with his responsibilities.

Acknowledged Contributions:

Jio expressed gratitude for Mashruwala's valuable contributions to the company's growth and development over the years.

New Leadership Era:

This resignation marks a significant change in leadership, following Mukesh Ambani's step-down from his role as director, with Akash Ambani taking over as chairman.

Subscriber Growth:

Reliance Jio proudly announced the addition of over 10.8 crore subscribers to its 5G network, reflecting its ongoing commitment to expansion and innovation.

Continued Growth and Innovation:

The company's consolidated net profit surge and other achievements in Q4 FY24 underscore its commitment to growth and innovation under evolving leadership.

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