Reliance Industries appoints Venkatachari Srikanth as CFO

Reliance Industries Limited (RIL) on Friday named Srikanth Venkatachari as the new Chief Financial Officer, the company stated in a regulatory filing. His appointment will be effective from June 01.

"The Board of Directors of the Company, based on the recommendation of the Human Resources, Nomination and Remuneration Committee, at its meeting held on March 24, 2023, has designated Shri Srikanth Venkatachari (Joint Chief Financial Officer of the Company since 2011) as the Chief Financial Officer of the Company with effect from June 1, 2023," the regulatory filing said.

Venkatachari been sharing a part of the responsibilities of the CFO position with Alok Agarwal since 2011. Srikanth has been with RIL for the last 14 years.

Reliance Industry said the current CFO Alok Agarwal will be assuming the new role of Senior Advisor to the Chairman and Managing Director of the Company, where he will assist Mukesh Ambani on a wide range of strategic issues.

Alok has completed 30 years with the company. He was appointed as CFO in 2005.