Charlotte, N.C., USA - March 18, 2013, Charlotte, N.C., USA - Bank of America Corporation announced that Mukesh D. Ambani will not seek another term on the board of directors at its 2013 annual meeting.
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Mr. Ambani will join the Bank of America Global Advisory Council in May. He joined Reliance Industries Limited (RIL) in 1981, and after initiating the transformation from textiles into an oil and gas company he was named chairman and managing director of RIL.
Mr. Ambani is a member of the Prime Minister's Council on Trade and Industry, Government of India and the Board of Governors of The National Council of Applied Economic Research (NCAER), New Delhi. He is a Member of Millennium Development Goals (MDG) Advocacy Group constituted by United Nations (UN), a Member of The Foundation Board of World Economic Forum and Vice Chairman of World Business Council for Sustainable Development (WBCSD).
Mr. Ambani is a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, the International Advisory Board of the National Board of Kuwait, the Advisory Council for the Graduate School of Business, Stanford University, the International Advisory Board of Brookings, Member of the Business Council, McKinsey Advisory Council and the Asia Business Council and Advisory Board of D.E. Shaw India Advisory Services Private Limited.
Mr. Ambani is the Chairman, Board of Governors of the Indian Institute of Management, Bangalore, Chairman of Pandit Deendayal Petroleum University, Gandhinagar. He is also Co-Chair of India-Russia CEO Council and Co-Chair of Japan-India Business Leader's Forum, a Member of the Governing Board of Public Health Foundation of India (PHFI).
Mr. Ambani was awarded the Dean's Medal by the University of Pennsylvania's School of Engineering and Applied Science for his leadership in the application of Engineering and Technology. He was also awarded the Indian Merchant's Chamber (IMC) Juran Quality Medal, and The Dwight D. Eisenhower Global Leadership Award by The Business Council for International Understanding (BCIU). ■