PPL extends CEO Khalid Rehman’s tenure

Pakistan Petroleum Limited’s (PPL) board has approved an extension in the tenure of its Chief Executive Officer (CEO), Mohammad Khalid Rehman, on an interim basis, ensuring continuity in leadership until a permanent appointment is made. “We would like to inform that the board of directors of the company at its meeting held on 7th April 2026 has approved extension in the term of appointment of Mohammad Khalid Rehman as the CEO/ Managing Director of the company with effect from 10th April 2026, until the appointment of a regular CEO of the company,” PPL informed in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Earlier in January, Rehman was appointed in the place of Sikandar Ali Memon “for a period of three months or appointment of a regular CEO of the Company, whichever is earlier”. A seasoned professional with more than 30 years of national and international experience, Rehman started his career with PPL in 2009 as Chief Accountant. During the last 27 years, he has held various senior positions, including Manager Treasury Operations, Senior Manager Finance and Senior Manager Corporate Planning, before assuming the charge as Chief Financial Officer in 2022. Before joining PPL, Rehman was associated with several reputable organisations, including Ernst & Young, Ford Rhodes Sidat Hyder, Umer Group of Companies, ORIX Leasing Pakistan Limited, State Street Fund Services Toronto, Inc., and Bank of Montreal, gaining rich experience in Pakistan, Canada and Egypt. Rehman is a fellow member of the Institute of Chartered Accountants of Pakistan, a CPA from The Institute of Chartered Accountants of Ontario, Canada, as well as an associate member of the Institute of Cost and Management Accountants of Pakistan. As one of the largest exploration and production companies in Pakistan, PPL plays a pivotal role in exploring, prospecting, developing, and producing oil and natural gas resources.