Pakistan Steel Mills has appointed retired Brigadier, Shuja Hassan as its new Chief Executive Officer (CEO) for 1-year tenure, according to media reports.
In late July, the PSM Board of Directors has recommended three candidates to the federal government for the post of CEO and found candidate 1 found well-suited given the need of the revival plan and the prevailing environment at the mill due to its degrees in warfare and strategic studies.
PSM required a transitory CEO who could fulfil the role of a strong administrator. The transition plan would last from one to two years. During this transition, there will be no steel production and focus will be on maintaining all assets and operating the non-core functions in the most professional and compliant manner.