Karachi: Bawany Air Products Limited has announced a significant change in its leadership structure effective September 24, 2024. The company confirmed that Mr. M. Hanif Bawany has stepped down as the Chief Executive Officer, with Mr. Naim Anwar succeeding him in the role.
According to information available from the Pakistan Stock Exchange (PSX), this leadership transition is part of Bawany Air Products Limited’s ongoing corporate governance and management strategy. Mr. M. Hanif Bawany’s departure marks the end of an era for the company, during which he played a pivotal role in its growth and development.
Mr. Naim Anwar, previously serving in senior management roles within the company, brings a wealth of experience and a fresh perspective to the CEO position. His appointment is expected to drive forward the company’s strategic initiatives and foster a new phase of innovation and expansion.
The company has duly informed the TRE Certificate Holders of the Exchange about this change in leadership. This transition is seen as a strategic move to bolster Bawany Air Products Limited's position in the market and enhance shareholder value.