Rawalpindi: Fauji Cement Company Limited (FCCL) has announced a change in its board of directors, appointing Mr. Mohammad Majid Munir as a new director, effective September 16, 2025. The appointment comes as Mr. Munir replaces Mr. Mazhar Abbas Hasnani, according to the company's official communication.
The decision was communicated through a reference letter dated June 23, 2025, indicating the company's intent to keep stakeholders informed of significant changes in its governance structure. This change in the board is part of the company's ongoing efforts to refine its leadership and strategic direction.
According to information available from the Pakistan Stock Exchange (PSX), the announcement is expected to be shared with the certificate holders, ensuring transparency and compliance with market regulations. The move is considered significant within the designated market category, reflecting the company's commitment to maintaining robust governance practices.
Fauji Cement Company Limited, headquartered in Rawalpindi, continues to focus on strengthening its operational and strategic framework through leadership changes that align with its long-term objectives. Mr. Munir's appointment is anticipated to bring fresh perspectives to the board, contributing to the company's growth and development plans.