| |
Reliance Industries inducted Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to its board. Al-Rumayyan will replace YP Trivedi on the board, RIL chairman Mukesh Ambani said at the company’s AGM on Thursday, according to the reports.
Reports state, “Shri YP Trivedi has expressed his desire to retire from the board. It is my duty to place on record our sincerest thanks to Shri Y P Trivedi. He joined our Board at the request of our Founder Dhirubhai Ambani in 1992. On behalf of the entire Board and the shareholders, I would like to thank him from the bottom of all our hearts for his wise counsel and sage advice for nearly 30 years,” he said.
“The demand and margin environment for petrochemicals had recovered to pre-COVID levels by March. I am confident that our O2C business will benefit from the strong global growth environment. As an important part of this vision of achieving accelerated growth, we look forward to welcoming Saudi Aramco as a strategic partner in our O2C business,” Ambani said, according to the reports.
