Imran Maniar, the Chief Executive Officer (CEO) and Managing Director (MD) of Sui Southern Gas Company Limited (SSGC), has resigned from his position to pursue other professional opportunities. The announcement was made public through a notice sent by SSGC to the Pakistan Stock Exchange (PSX) on Tuesday.
In an official statement, SSGC confirmed that an emergency meeting of the Board of Directors was convened on Monday, September 2, 2024, to address Maniar’s resignation. The meeting, held at 4 p.m., resulted in the Board’s acceptance of his decision to step down. “The Board, with the utmost respect for Maniar’s decision to pursue other opportunities, accepted his resignation,” the notice read.
Acknowledgment of Contributions
The company’s notice expressed gratitude towards Maniar, highlighting his valuable contributions during his tenure as CEO and MD. “Maniar’s leadership and expertise have been instrumental in steering SSGC through various challenges and driving growth initiatives. His contributions are greatly appreciated, and we wish him success in his future endeavors,” stated a spokesperson from SSGC.
Maniar’s resignation will be effective from September 13, 2024, which marks his final day with the company.
Background and Career of Imran Maniar
Imran Maniar is a seasoned professional with over three decades of experience in leading and advising companies across multiple sectors, including private equity, mergers and acquisitions, and energy operations. His extensive career includes significant roles in logistics, upstream and midstream operations, oilfield services, and corporate restructurings. Maniar’s expertise in capital market transactions and strategic planning has been a valuable asset to SSGC.
Before his tenure at SSGC, Maniar held various high-profile positions, including Chief Financial Officer (CFO) at Marquard and Bahls AG, GL Noble Denton, and Eagle Ford Oil and Gas. He also served as Manager of Strategic Planning at Boardwalk Pipeline Partners, Partner at Millennium Ventures LLC, and Analyst at Solvay.
Maniar’s academic credentials are equally impressive. He holds a Bachelor of Science in Industrial Engineering from Purdue University, an MBA from Rice University, and has undergone specialized CFO training at the prestigious Stanford Graduate School of Business.
Future Plans and Impact on SSGC
While the exact reasons behind Maniar’s resignation remain undisclosed, the decision to “pursue other opportunities” suggests that he may be preparing for a new phase in his illustrious career. The departure of Maniar, known for his strategic insights and leadership, is likely to have a significant impact on SSGC.
The company is yet to announce a successor for the CEO and MD positions. In the interim, SSGC’s Board of Directors is expected to ensure a smooth transition and maintain the company’s focus on its strategic objectives, including the rehabilitation of its distribution network and other ongoing projects.
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