Mukesh Ambani-led trust industries Ltd (RIL) appointed Venkatachari Srikanth as its new chief financial officer (CFO) on Friday, succeeding Alok Agarwal, who turned 65 and had served the company for 30 years, according to a stock exchange release by RIL.
Agarwal, who joined Reliance in 1993 and was appointed CFO in 2005, moved to the position of senior advisor to the company’s chairman and chief executive officer, assisting him on a variety of strategic issues.
Both new roles will take effect from June 1, 2023, the company said in the announcement.
V Srikanth (joint CFO since 2011) has shared part of the responsibilities of the CFO position with Alok Agarwal in recent years. Srikanth was there RIL for the last 14 years. Previously he worked for Citi Group for two decades in foreign exchange and derivatives and later became Head of Markets.