The Board of Directors of Pakistan Stock Exchange Limited (PSX) has accepted the resignation of Farrukh H Khan from the position of PSX’s Chief Executive Officer (CEO).
“An emergent Board Meeting of the Board of Directors of Pakistan Stock Exchange Limited (PSX) was held today at 03:00 pm (PST) to consider the resignation submitted by Mr. Farrukh H Khan from the position of PSX’s Chief Executive Officer on July 4, 2024. The Board, with the utmost respect for Mr. Khan’s decision to pursue other opportunities, accepted his resignation,” a PSX notice said.
The Board appreciated Mr. Khan’s dedication and commitment to PSX and will work with him in the coming weeks to ensure a smooth transition to be concluded by September 2, 2024.
On Friday morning, the PSX said that Farrukh H Khan tendered his resignation as Chief Executive Officer (CEO) of the PSX to pursue other opportunities. The board scheduled an emergency meeting to discuss and consider his resignation.
Farrukh H Khan has been working with the PSX since February 2020, coinciding with the onset of the COVID-19 outbreak in Pakistan.
Last year, the PSX Board of Directors extended Farrukh H Khan’s tenure as CEO for an additional three years, starting from February 4, 2023.
Khan, who qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, holds a BA (Hons.) in Economics and Finance from the University of Manchester.
With over 30 years of senior management and board-level experience, Mr. Khan has been a leading business and financial advisor, managing significant transactions including the $813 million GDR offering and London listing of OGDCL, and advising Etisalat on their $2.6 billion acquisition of Pak Telecom.
His extensive experience includes senior roles at Acumen and founding BMA Capital Management Limited, where he established it as Pakistan’s leading investment banking group. Mr. Khan has served on the boards of prominent organizations and was recognized by Euromoney as one of the top 50 global financial leaders under 40.
