Karachi: Otsuka Pakistan Limited has announced a change in its Board of Directors with the resignation of Mr. Koichi Okada. The Board has appointed Mr. Naito Kimitaka as the new director to fill the vacancy created by Mr. Okada's departure.

The company communicated this development to the members of the Pakistan Stock Exchange (PSX) as part of its corporate governance practices. The transition in the boardroom marks a significant change in the leadership structure of Otsuka Pakistan Limited, a key player in the pharmaceutical industry.

The resignation of Mr. Okada and the subsequent appointment of Mr. Kimitaka was officially documented and shared with relevant stakeholders. According to information available from the Pakistan Stock Exchange (PSX), the change is effective immediately, ensuring continuity in the company's governance.

Otsuka Pakistan Limited operates in the designated market category of the pharmaceutical sector, where it has established a notable presence. The company's latest leadership change reflects its ongoing efforts to adapt and respond to both internal and external business environments.