New leadership at Transcom
Shahnaz Rahman, the wife lately Latifur Rahman, the legendary founder and longtime chairman and chief executive officer of Transcom, is among the most new chairman and managing director of the business group.
Your choice was taken by the late entrepreneur and in addition approved by the board along with the concerned authorities, Transcom said in a corporate announcement yesterday.
Latifur Rahman, who was simply most widely known for his ethical organization practices in the home and abroad, breathed his previous on July 1 in age 75.
At all material times, and notwithstanding anything contrary mentioned elsewhere, following the demise of Latifur Rahman, Shahnaz Rahman, a director of the business, would hold the location of chairman and managing director of Transcom and chairman of most of its subsidiaries and businesses, the announcement said.
A good longtime director of the board of Transcom, she'll continue to contain the position until she retires voluntarily.
Shahnaz Rahman became the very best taxpayer among women in the Dhaka Town Corporation in 2019. In 2017, the National Board of Revenue honoured her friends and family as tax icon in recognition of having to pay taxes for years.
Likewise, Simeen Rahman, as well a director of Transcom, would contain the position of ceo of Transcom and group CEO of the subsidiaries and companies. She'd continue to hold the posture until she retires voluntarily and will contain all operational, management and controlling power of Transcom and its own subsidiaries, the announcement explained, which was signed by Md Kamrul Hassan, organization secretary of the business.
Simeen Rahman may be the daughter of Latifur Rahman and Shahnaz Rahman and executive committee person in the Metropolitan Chamber of Commerce and Market, the country's oldest trade human body.
One of the top business teams in Bangladesh, Transcom offers been carrying out business activities for a lot more than 135 years. Currently, it employs more than 18,000 people.
Transcom features 16 operational entities from medicine, foods, lighting, electronics to media. It's the local business partner of international brands Pizza Hut, KFC, PepsiCo and Philips.
The firms under Transcom include Eskayef Pharmaceutical, Mediastar, Transcom Drinks, Transcom Distribution, Transcom Foods, Transcom Electronics, Transcom Consumer Products, Bangladesh Lamps, Transcom Cables, Tea Holdings, Reliance Insurance, Transcraft and Bangladesh Electrical Industries.
Having an annual turnover of Tk 7,500 crore, Transcom Group is one of the highest of corporate taxes and VAT-payers in Bangladesh.
