Srikanth Venkatachari to be the new CFO of Reliance Industries

27 Mar 2023 , 10:52 AM

As per a recent announcement made by Reliance Industries Ltd, Srikanth Venkatachari has been appointed as the new chief financial officer, effective from June 1.

After serving as the CFO for nearly two decades since 2005, Alok Agarwal will be replaced by Srikanth Venkatachari, who will assume the position of CFO at Reliance Industries Ltd starting from June 1. 

Meanwhile, Alok Agarwal will continue to be associated with the company and take on the role of senior advisor to Mukesh Ambani, the chairman of Reliance Industries.

Currently, Venkatachari is serving as the joint CFO of the company.

Srikanth’s appointment has been recommended by the Nomination and Remuneration Committee, at its meeting held on March 24, 2023.

Following this development, Reliance Industries was trading 1.47% higher at Rs2,235.60 apiece, against the previous close of Rs2,203.60 on NSE. The counter touched an intraday high and low of Rs2,245.95 and Rs2,200.20 respectively.

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