Otsuka Pakistan Limited has announced a significant change in its board composition, with the resignation of Mr. Hanif Sattar as a Director and the subsequent appointment of Mr. Moin ur Rehman to fill the vacancy. The Board of Directors, in their meeting held on February 20, 2024, approved these changes, effective from February 28, 2024. Mr. Hanif Sattar's resignation marks the end of his tenure with Otsuka Pakistan, a role he has held for several years, contributing to the company's strategic direction and growth.

His departure from the board is effective February 28, 2024, creating a casual vacancy that has been promptly addressed by the Board. In response to this departure, the Board of Directors has approved the appointment of Mr. Moin ur Rehman as a new Director. Mr. Rehman's appointment, effective on the same day as Mr. Sattar's resignation, ensures a seamless transition in the company's leadership.

Mr. Moin ur Rehman is set to complete the remaining term of Mr. Hanif Sattar, bringing his expertise and insight to the role.