Karachi, In a significant development, United Brands Limited, a key player in the industry, has officially communicated a series of changes in its Board of Directors. This change comes as a result of a recent shift in the Company's management, prompting the resignation of several Directors from their roles.

Effective from August 29, 2023, the following Directors have resigned from their respective designations:

1. Munis Abdullah - Chairman

2. Syed Nadeem Ahmed - Chief Executive Officer

3. Zubair Razzak Palawala - Non-Executive Director

4. Syed Qaiser Abbas - Non-Executive Director

5. Rizwan Ahmad - Executive Director

6. Tayyaba Rasheed - Independent Director

7. Hasan Tariq Khan - Independent Director

Simultaneously, the Company welcomed a new set of Directors to the Board, with their appointments also taking effect from August 29, 2023:

1. Munis Abdullah - Chairman

2. Syed Nadeem Ahmed - Chief Executive Officer

3. Zubair Razzak Palwala - Non-Executive Director

4. Faiza Naeem - Non-Executive Director

5. Rizwan Ahmad - Executive Director

6. Tayyaba Rasheed - Independent Director

7. Abdul Samad - Independent Director

These changes have resulted in a reconfigured Board of Directors for United Brands Limited, with the new composition now including the following members:

1. Munis Abdullah - Chairman

2. Syed Nadeem Ahmed - Chief Executive Officer

3. Zubair Razzak Palwala - Non-Executive Director

4. Faiza Naeem - Non-Executive Director

5. Rizwan Ahmad - Executive Director

6. Tayyaba Rasheed - Independent Director

7. Abdul Samad - Independent Director

This shift in the Board of Directors reflects the Company's strategic initiatives and its commitment to effective governance and leadership continuity.