Managing Director of FFC stepping down in a major shake up

In a notification sent to the PSX on 08/03/2024, Fauji Fertilizers Company Limited (FFC) announced some major changes at the top of its management.

Mr Jahangir Piracha has been appointed as the Managing Director and Chief Executive Officer of FFC with effect from the 1st of April 2024.

He will replace Mr Sarfaraz Ahmed Rehman.

The shares of FFC were trading at Rs. 117.50 at market close today.