Lahore: Descon Oxychem Limited has announced a change in its executive leadership, with Mr. Muhammad Mohsin Zia resigning from his position as Chief Executive Officer effective June 30, 2025. The company has appointed Mr. Yasir Siddique Sheikh as the new Chief Executive Officer, with the change taking immediate effect.

The transition marks a significant shift in the leadership of Descon Oxychem Limited, a key player in the chemicals sector within the designated market category. The company has not disclosed the reasons behind Mr. Zia's resignation. Mr. Sheikh will assume responsibilities for the remaining unexpired term as the new CEO.

According to information available from the Pakistan Stock Exchange (PSX), Descon Oxychem Limited is actively involved in the production and supply of hydrogen peroxide and other chemical products. The market will observe how this leadership change might influence the company's strategic direction and operational performance.

Descon Oxychem Limited has assured stakeholders that the transition will be smooth and aims to maintain its position in the competitive chemicals market under the new leadership. The company has communicated this development for public information and record-keeping purposes.