Karachi: Fauji Cement Company Limited (FCCL) has announced a significant change in its board of directors, according to a recent notification. Lt Gen Qazi Muhammad Ikram Ahmed, HI (M), Retired, has tendered his resignation from his position as a Director of the FCCL Board. His resignation will take effect on May 30, 2025.

In a corresponding move, FCCL has appointed Mr. Khurshid Zafar Qureshi as the new Director of the Board. Mr. Qureshi's appointment will also be effective from May 30, 2025. This change is part of the company's ongoing efforts to maintain effective governance within its leadership structure.

According to information available from the Pakistan Stock Exchange (PSX), the company has communicated these changes to the TRE Certificate Holders of the Exchange. The designated market category for this announcement is relevant for stakeholders tracking corporate governance and board movements within the cement industry.

The notice of the board change was released without additional comment from either the departing director or the newly appointed director. These developments will be closely observed by investors and market analysts as FCCL continues to navigate the dynamic business environment.