Karachi: Punjab Oil Mills Limited has announced a change in its executive leadership with the appointment of a new Chief Financial Officer. According to an official disclosure from the company dated March 25, 2025, Mr. Shehzad Nazir will assume the role of Chief Financial Officer, effective from February 27, 2025. He succeeds Mr. Muhammad Saeed Malik, who has ceased to hold the position.

The company has urged the relevant TRE Certificate Holders of the exchange to take note of the leadership transition. This notification reflects the company's commitment to maintaining transparency and compliance with market regulations.

According to information available from the Pakistan Stock Exchange (PSX), Punjab Oil Mills Limited operates within a designated market category, adhering to the guidelines set forth by the exchange. The change in the financial leadership is part of the company's ongoing efforts to strengthen its management team.

The transition in the Chief Financial Officer position marks a significant development for Punjab Oil Mills Limited, indicating a potential strategic direction under the new financial management.