Topic
succession
Reliance Succession Plan on Track, Enters Final Leg as Ambani Transfers Management
Mukesh Ambani, chairman of Reliance Industries, announced that the transfer of day-to-day management to his three children is almost complete, marking the final stages of succession. Akash, Isha, and Anant each lead key business verticals, supported by about 500 young leaders. Ambani's current term ends in April 2029.
Business As More US Business Owners Retire, Many Are Selling Up to Their Staff in Employee Ownership Deals
A wave of baby boomer retirements is prompting US business owners to sell their companies to employees, rather than to outside buyers. The trend is supported by rising investment funds and research showing employee-owned firms are more productive and pay higher wages. Examples include Softstar Shoes in Oregon and Stockwell Elastomerics in Philadelphia.
Nandan Nilekani: Guiding Infosys Through Leadership Transitions
Nandan Nilekani, at 71, continues to steer Infosys through critical leadership transitions. His tenure has seen the company's revenue grow from $10.9 billion to over $20 billion. As he prepares for his third term, Nilekani faces the challenge of planning for his own succession and that of CEO Salil Parekh.