Fauji Fertilizer Company Limited has announced a significant leadership change. The company informed the Pakistan Stock Exchange (PSE) of the appointment of Mr. Jahangir Piracha as Chief Executive Officer, effective April 1, 2024. Mr. Piracha will replace Mr. Sarfaraz Ahmed Rehman, who is set to step down from his role at the end of March 2024.

The transition comes as part of the company's strategic management changes. Mr. Sarfaraz Ahmed Rehman will relinquish his position as Managing Director and Chief Executive Officer of FFC on March 31, 2024. The announcement was made to keep the TRE Certificate Holders and the investors informed about the significant changes in the company's leadership.