RECORDER REPORT

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has accepted resignation of Zahid Mir as acting managing director and chief executive officer.

Zahid Mir will relinquish charge on July 31 after serving the company for over four years as MD/CEO. He was appointed during the previous tenure of Pakistan Muslim League-Nawaz.

Dr Naseem Ahmed presently serving as executive director (production) will assume duties of the office of MD/CEO on acting basis.

Dr Naseem Ahmad holds a PhD degree in Petroleum Engineering from Imperial College, University of London, and has served OGDCL for over 32 years. Board of Directors appreciated the contribution made by Zahid Mir in implementing a long-term sustainability framework for the company, besides achieving strict financial control and discipline.

Sources said that the move is the part of the Pakistan Tehreek-e-Insaf (PTI) government’s plan to change boards of directors and chief executive officers (CEOs) of all 14 entities under the Petroleum Division.