PAKISTAN – PPL
Pakistan Petroleum Limited (PPL) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the appointment of Mr. Mohammad Khalid Rehman, currently the Chief Financial Officer (CFO) of the company, as the Chief Executive Officer (CEO) and Managing Director on an interim basis.
According to the notice issued pursuant to Rule 5.6.1 of the Stock Exchange Rules, the decision was taken at the Board meeting held on January 9, 2026. Mr. Rehman will assume the additional role of CEO/Managing Director alongside his existing responsibilities as CFO, with effect from January 10, 2026.
The appointment has been made as an interim arrangement for a period of three months or until the appointment of a regular CEO of the company, whichever is earlier. He replaces Mr. Sikandar Ali Memon, who has ceased to hold the office.
PPL stated that the interim appointment is aimed at ensuring continuity in leadership and smooth management of the company’s operations during the transition period. – ER News Desk
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