Mukesh Ambani-led Reliance Industries Limited (RIL) has appointed Srikanth Venkatachari as its new chief financial officer (CFO), with the appointment scheduled to come into effect from June 1. Venkatachari will succeed Alok Agarwal, the CFO since 2005, who has been made the senior advisor to Reliance chairman Mukesh Ambani.
(1.) According to CNBC TV18, Venkatachari joined Reliance 14 years ago. Currently, he is serving as the joint chief financial officer.
(2.) As joint CFO, he has been sharing a part of the responsibilities of the CFO position with Agarwal for the past few years, noted CNBC TV18.
(3.) Previously, he was with the Citi Group, where he worked for two decades in forex trading and derivates. He was later promoted to the head of markets.
(4.) In its press release, Reliance noted that Srikanth has ‘proven his mettle to carry forward the legacy of Agarwal, and to help script the company’s future chapters of growth.’