Business

Habib Bank Limited (HBL) will undergo major reshuffling at the top.

Habib Bank Limited (HBL) will undergo major reshuffling at the top managerial level after it was announced that CEO and president, Nauman K Dar, will retire with effect from December 31, 2017.

According to a notice sent to the Pakistan Stock Exchange (PSX), HBL said that its Chief Operating Officer Rayomond H Kotwal will be appointed interim president and CEO following Dar’s retirement.
“Nauman K Dar will be retiring from the role of president and CEO with effect from December 31, 2017,” the notification said.