Karachi: We are pleased to announce that the Board of Directors of International Industries Limited (IIL) (INIL) has appointed a new Chief Executive Officer (CEO) Mr. Riyaz Chinoy, who would take up the new responsibilities with effect from August 18, 2011, when Mr. Towfiq Chinoy plans to retire from IIL after holding the office of CEO and MD for 35 years. Mr. Towfiq Chinoy continues to be CEO and MD of International Steels Limited (a subsidiary of IIL) and shall be available to IIL in an Advisory capacity.
Mr. Riyaz Chinoy is currently the Chief Operating Officer (COO) of IIL and has been associated with the company for approximately 19 years. This decision was taken by the Board in its 276th Meeting held on June 29, 2011.
For more information, contact:
International Industries Limited
101 Beaumont Plaza,
10 Beaumont Road,
Tel: +9221 111 019 019
Fax: +9221 3568 0373