KARACHI: Quantum Data Technologies Limited (PSX: QTECH) has announced significant changes to its Board of Directors as part of its ongoing corporate transformation strategy, aimed at strengthening governance and supporting the company’s long-term growth ambitions.
In a material information notice submitted to the Pakistan Stock Exchange (PSX), the company stated that Mr. Khawaja Jahangir has resigned from his position as Director. The Board expressed its appreciation for his leadership, dedication, and valuable contributions during his tenure, acknowledging his commitment to the company’s long-term interests.
To support the next phase of its growth, Quantum Data Technologies intends to appoint Mr. Hamza Yousaf as a Director, subject to the completion of all applicable corporate and regulatory formalities. According to the company, the proposed appointment is intended to strengthen the Board with expertise in technology, digital transformation, corporate strategy, and business development.
The company emphasized that the Board restructuring is a strategic initiative rather than a routine change. It believes the refreshed leadership will enhance execution capabilities, improve governance standards, and accelerate the implementation of its long-term strategy as it positions itself within Pakistan’s growing technology sector.
Quantum Data Technologies further noted that the renewed Board composition is expected to help the company capitalize on emerging opportunities, drive sustainable value creation for shareholders, and reinforce its commitment to innovation and operational excellence.
The company also confirmed that it will continue to keep the Pakistan Stock Exchange informed of any further material developments in accordance with applicable laws and regulatory requirements.
