Islamabad: Punjab Oil Mills Limited (POML) has announced significant changes in its executive leadership, appointing new individuals to key positions within the company's board of directors. This announcement comes as part of a strategic realignment within the organization, aimed at bolstering its market position.

According to a formal communication from the company, dated August 10, 2026, Mr. Tahir Jahangir has been appointed as the Acting Chief Executive Officer (CEO) of Punjab Oil Mills Limited, replacing Mr. Muhammad Ehtisham Khan, who is stepping down from his role as CEO. Alongside this change, Mr. Usman Ilahi Malik has been elected and appointed as the new Chairman of the Board of Directors of the company.

These appointments have been made in compliance with Section 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. According to information available from the Pakistan Stock Exchange (PSX), this transition reflects the company's ongoing efforts to adapt to evolving market demands and enhance its governance structure.

Punjab Oil Mills Limited operates within the designated market category of the stock exchange, focusing on the production and distribution of edible oils and related products. The company's leadership transition is anticipated to influence its operational strategies and market engagement moving forward.

The board's decision marks a pivotal moment for the company as it seeks to navigate the challenges and opportunities present in the current economic landscape. The new appointments are expected to bring fresh perspectives and strategic direction to the organization.