Reliance Infrastructure appoints MS Mehta as CEO
Anil Ambani-led Reliance Group has appointed MS Mehta, a former group chief executive officer of Vedanta Resources, as CEO of Reliance Infrastructure, a move which company officials say is part of a strategy to build a new leadership team for its power and infrastructure businesses. The incumbent CEO, Lalit Jalan, has been switched to group level operations as director of corporate strategy. "He will steer future growth initiatives and efforts of the group with this new responsibility," the company said. Three group executives, on condition of anonymity, said that Anil Ambani wanted his Wharton classmate Jalan to focus on group-level strategy.
Read the Economic Times news report here.