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The Oil and Gas Development Company Ltd (OGDCL) Board of Directors, in its 240th meeting on October 14, 2021, accepted the resignation of Mr. Shahid Salim Khan as MD/CEO. Mr. Khan will relinquish his charge on October 20, 2021. Syed Khalid Siraj Subhani, a Director, will assume the duties of MD/CEO on an acting charge basis upon Mr. Khan's relinquishment of charge on October 20, 2021.
| Date | 14 Oct 2021 |
| Time | 10:56:35 |
| Category | Board changes |
| ID | 1035P |
No.CS04-08/PSX October 14, 2021
|
The General Manager Karachi Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi Fax No: 021-32437567
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London Stock Exchange Plc. 10 Paternoster Square London EC4M 7LS Tel: (44) 020 7334 8907 |
Subject: CHANGE / APPOINTMENT OF MD/CEO OGDCL
Dear Sir,
It is hereby informed that OGDCL Board of Directors in its 240th meeting held on October 14, 2021 approved / resolved as under:
A. Resignation of Mr. Shahid Salim Khan, MD/CEO be and is hereby accepted. He will relinquish the charge of office of MD/CEO on October 20, 2021.
B. Syed Khalid Siraj Subhani, Director will assume the duties of the office of MD/CEO on acting charge basis upon relinquishment of charge by Mr. Shahid Salim Khan on October 20, 2021.
The above information is submitted in compliance with PSX Regulations / Code of Corporate Governance for dissemination amongst your members please.
Yours truly,
(Ahmed Hayat Lak)
Company Secretary
Copy to:
The Commissioner (Enforcement),
Securities & Exchange Commission of Pakistan,
NIC Building, Islamabad.