Pakistan Aluminium Beverage Cans Limited has formally accepted the resignation of Mr. Azam Sakrani as Chief Executive Officer, effective June 30, 2024. Concurrently, the Board has endorsed the appointment of Mr. Zain Ashraf Mukaty as the new CEO starting July 1, 2024. Mr. Sakrani, who will continue his responsibilities until the end of June, has been a pivotal figure in the company's executive suite.

Following his resignation, he will remain actively involved in the company's governance by continuing his role as a Director on the Board. His tenure as Director will extend until the next Board elections, aligning with the company's strategic continuity plan. According to information available from the Pakistan Stock Exchange (PSX), this leadership change is part of a planned transition.

The incoming CEO, Mr. Zain Ashraf Mukaty, will serve for the remainder of the term, culminating at the date of the next Board elections.