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This is an archive article published on August 21, 2009

RIL names Ravimohan,Prasad as EDs

Reliance Industries has appointed former chairman of Crisil R Ravimohan and P M S Prasad as Executive Directors of the company with immediate effect.

Reliance Industries has appointed former chairman of Crisil R Ravimohan and P M S Prasad as Executive Directors of the company with immediate effect.

With the induction of these two,RIL will have 14 members on its board including seven independent directors.

8220;Ravi is undoubtedly one of the finest financial and risk mangement minds in the world while Prasad has been an integral part of the growth story of Reliance and its achievements,8221; RIL Chairman amp; Managing Director,Mukesh Ambani said in a press release.

Ravimohan has also served as the Managing Director and Region Head of Standard amp; Poor8217;s for South amp; South East Asia.

He has also been a member of the secondary market advisory committee of SEBI,Technical advisory committee of RBI and Raghuram Rajan committee on financial sector reforms.

Prasad has been with Reliance Industries for over 28 years and currently heads the upstream and refining businesses of the company.

RIL has a turn over of Rs 1,50,771-crore and clocked a net profit of Rs 15,607-crore as on March 31,2009.

 

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