As president of Packaging, Morin
will have full P&L responsibility and provide strategic and thought leadership to the sector's operations and plants around the world.
Whereas the fact remains that Mr Richard Morin
disclosed his positions of Founder, CEO and CCO of Archer Wealth Management (AWM) on a form submitted before his appointment, with a footnote mentioning that 'Appointment of Successor is in process'.'
'We would like to inform you that Richard Morin
has tendered his resignation from the position of Chief Executive Officer of Pakistan Stock Exchange Limited (the Company), which was accepted by the Board of Directors of the Company with immediate effect, at its meeting held today (Tuesday),' Company Secretary Muhammad Rafique Umer said in a notification.
did Bachelors degree in economics in 1982 from University of Montreal and Masters in Business Administration in 1988 from McGill University.
was the first-ever non-Pakistani to serve on the post.
An emergency meeting of the PSX Board of Directors was held Tuesday during which Morin
submitted his resignation.
Archer Wealth Management, a Montreal-based firm that identifies itself as 'independent financial advisers' had named Mr Morin
as the CEO of the company and chairman of its board.
According to sources, Richard Morin
's resignation came after he was issued a show cause notice over conflict of interest.
On May 20, in a meeting of BoD, Morin
was heard on the show-cause
The PSX board of directors issued a show-cause notice to Morin
, a Canadian national, about 15 days ago and gave him a 15-day deadline to submit reply and explain his position whether he was serving in a Canadian company simultaneously.
said that she had been "staying with" the appellant.
announced that Germain Lamonde, founder and Executive Chairman, and CEO Philippe Morin
recently made personal decisions related to their share ownership in EXFO.