Bank of America Corporation announced that Mukesh D. Ambani will join the Bank of America Global Advisory Council in May. Ambani has decided not to seek another term on the company’s board of directors at its 2013 annual meeting of stockholders.
Ambani, chairman and managing director of Reliance Industries Limited, will join 13 other internationally recognized business, academic and public policy leaders who serve on the Global Advisory Council. The council, chaired by Bank of America Chief Executive Officer Brian Moynihan, is a non-fiduciary body that shares expertise and insights on the bank’s global engagement.
'We are very grateful for Mukesh’s contributions to the board and for the global expertise and perspective he provided', said Chad Holliday, chairman of the Bank of America board of directors.
Ambani has served on the Bank of America board of directors since March 2011 and became a director prior to the establishment of the Global Advisory Council.
'Our Global Advisory Council is an ideal venue for the company to continue to benefit from Mukesh’s judgment and insights', Moynihan said.