Karachi: Bata Pakistan Limited has announced the resignation of Mr. Reamgwut Chuenchomsakun from his position as a Director on the company's Board, effective January 17, 2025. This development marks a significant change in the company's leadership structure as it navigates its strategies within the footwear industry.

The resignation of Mr. Chuenchomsakun has resulted in a casual vacancy on the Board of Directors. The company has assured stakeholders and investors that this vacancy will be filled in due course, as the Board undertakes the process of selecting a suitable candidate. This transition is crucial for maintaining the governance and strategic oversight required by the company.

According to information available from the Pakistan Stock Exchange (PSX), Bata Pakistan Limited is classified within the designated market category for manufacturing and retailing footwear products. The company’s operations span across various regions, contributing to its reputation as a prominent player in the market.

Stakeholders, including the TRE Certificate Holders of the Exchange, are advised to note this change in the Board's composition. The Board's decision on appointing a new director will be communicated promptly as part of the company's commitment to transparency and effective corporate governance.