PAKISTAN
Ghani Chemical Industries Limited (GCIL) has announced the appointment of Mr. Zubair Siddiqui as Group President, along with several important decisions following the first meeting of its newly elected Board of Directors held today.
Appointment of President
The Board has appointed Mr. Zubair Siddiqui as President of the Company (along with other companies of the Group). Mr. Siddiqui brings with him over 25 years of international leadership experience, primarily at the world’s leading chemical company, Linde plc. The directors expressed their strong belief that the Group will achieve further growth and excellence under his guidance and leadership, InshaAllah.
Re-appointments and Other Key Decisions
Mr. Masroor Ahmad Khan has been re-appointed as Chairman of the Board of Directors.
Hafiz Farooq Ahmad has been re-appointed as Chief Executive Officer (CEO) of the Company.
The remuneration of the CEO and Executive Director, Mr. Atique Ahmad Khan, has been increased from Rs. 1,450,625 per month to Rs. 2,000,000 per month each. This marks the first remuneration revision since the Company’s listing on the Pakistan Stock Exchange (PSX) in November 2022.
The Board has constituted the following committees:
Nomination Committee
Audit & Risk Management Committee
HR&R and Compensation Committee
These decisions reflect the Company’s commitment to strengthening its leadership and governance framework to drive sustainable growth and enhance stakeholder value, the company says in its notice to PSX. – ER News Desk
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