Karachi: International Steels Limited (ISL) has appointed Mr. Samir M. Chinoy as its new Chief Executive Officer, effective October 15, 2024. The position became available following the resignation of former CEO Mr. Yousuf H. Mirza. This significant leadership transition comes at a pivotal moment for the company, renowned for its adherence to stringent quality and environmental management standards.

The announcement was made in a letter addressed to the General Manager of the Pakistan Stock Exchange Ltd., located on Stock Exchange Road in Karachi. According to the correspondence, Mr. Chinoy’s appointment is intended to fill the casual vacancy left by Mr. Mirza's departure. This change in leadership is expected to be formally communicated to the TRE Certificate Holders of the Exchange.

According to information available from the Pakistan Stock Exchange (PSX), the decision underscores ISL’s commitment to maintaining its leadership role within the industry while ensuring compliance with ISO 9001:2015 and ISO 14001:2015 standards, alongside the ISO 45001:2018 Occupational Health and Safety Management System.

The company, a significant entity within the Chinoys Group and situated at 101 Beaumont Plaza on Beaumont Road, Karachi, continues to uphold high standards of operational excellence and governance. The market and investors are closely monitoring how this strategic appointment will influence ISL's direction and performance in the steel sector.