CEO/MD of Pakistan Engineering Company Ltd removed due to unlawful acts

MG News | January 04, 2019 at 04:28 PM GMT+05:00

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January 4, 2019 (MLN): The Board of Directors of Pakistan Engineering Company Limited in their meeting held on Friday December 14^th 2018 have considered removal of Managing Director (MD)/Chief Executive Officer (CEO) on various strategic and operational grounds, a notification issued by the company revealed on Friday.

“After reviewing the critical downward trend of PECO due to non-observance of directions of PECO board, unlawful acts of MD and detailed deliberation, the Board unanimously resolved to remove the present Managing Director Mr. Mairaj Anis Arif from PECO Board”, the notice further added.

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