Karachi: Pakistan Oxygen Limited has officially appointed Mr. Jamshed Azhar as the Chief Financial Officer (CFO) of the company, effective from October 14, 2024. This appointment was confirmed through a formal communication to the Pakistan Stock Exchange Limited.

The announcement was made through a letter addressed to the General Manager of the Pakistan Stock Exchange, located at Karachi. The letter, dated October 15, 2024, specifies that the Board of Directors of Pakistan Oxygen Limited has appointed Mr. Azhar in alignment with the company’s strategic direction and financial management practices.

According to information available from the Pakistan Stock Exchange (PSX), the letter was signed by Maqsoor Iqbal, the Company Secretary of Pakistan Oxygen Limited, who expressed the board’s confidence in Mr. Azhar's capabilities to steer the financial operations of the company. The communication also instructed that the TRE Certificate Holders of the exchange be informed of this significant change in the company’s leadership.

This decision comes as part of Pakistan Oxygen’s ongoing enhancements to its executive team, aiming to strengthen its market position and operational efficiency. Mr. Azhar brings extensive experience in financial management, which is anticipated to be vital as the company continues to expand and adapt to the dynamic market demands.

The correspondence has been carbon copied to several key departments and personnel, including the Executive Director/HOD of the Offsite - II Department and the Supervision Division, along with the Securities and Exchange Commission of Pakistan in Islamabad, ensuring that all regulatory and oversight bodies are adequately informed of the change in financial leadership.