Karachi: Power Cement Limited has announced the appointment of Mr. Muhammad Arif Habib as a new member of its Board of Directors, effective September 25, 2024. Mr. Habib fills the casual vacancy left by the resignation of Mr. Anders Paludan Muller.

The appointment marks a significant change in the company’s leadership, as Mr. Habib brings extensive experience to the table. According to information available from the Pakistan Stock Exchange (PSX), this strategic decision is anticipated to guide Power Cement Limited through its next phase of growth and development.

Mr. Anders Paludan Muller's resignation earlier this month led to this critical board alteration. The shareholders and certificate holders of the exchange have been notified of this change as required by regulatory guidelines.

Power Cement Limited, listed under the Cement category on the PSX, aims to maintain its competitive position in the market by leveraging Mr. Habib’s expertise in corporate strategy and governance.