Appointment: Adamjee Insurance changes CEO

KARACHI: Adamjee Insurance Company Limited has appointed Manzar Mushtaq as Chief Executive Officer in place of Muhammad Ali Zeb, according to a notice sent to the Karachi Stock Exchange on Thursday.

The move takes place two days after the country’s largest insurance company announced a 79 per cent fall in profits to Rs779 million for 2010. The company’s share tumbled Rs2.13 to close at Rs70.35 during trade at the Karachi bourse on Thursday.

Published in The Express Tribune, March 25^th, 2011.