Asif Peer new Managing Director of Systems Limited

Karachi, January 09, 2013 (PPI-OT): Chairman of Systems Limited, Mr. Aezaz Hussain announced the appointment of Mr. Asif Peer as the CEO and Managing Director of Systems Limited – effective from 1 January 2013. Mr. Peer joined Systems Limited in 1995 and moved to its subsidiary in USA, Visionet Systems, in 1999. During his tenure at

Systems Limited and Visionet Systems, Mr. Peer has provided valuable contributions in the development of solutions and products that acted as a catalyst to the company’s phenomenal growth within the US Market.

Mr. Asif Peer succeeds Mr. Ashraf Kapadia who has been Systems Limited’s Managing Director for the past nine years and now has been appointed to serve as Advisor to the Board of Systems Limited.

On the Occasion, Mr. Aezaz Hussain, Chairman of Systems Limited, said that “Systems Limited is a unique company primarily owned by its key employees. It is this employee ownership which has been a main source of strength and success of the company, particularly during difficult times. Today in its 35th year a number of key employees and management of Systems Limited have retired or passed on.

In keeping with our commitment to growing ownership by employees, on the advice of the Board of Directors of Systems Limited, its shareholders approved the transition of significant ownership to the future key employees of the company led by Arshad Masood CEO of Visionet Systems (the US partner of Systems Limited) and Asif Peer and their strong team of Engagement Managers. In addition a number of additional members of their team which represent the future leadership have been given shareholding of our company.”

For more information, contact:
Erum Anwar
Assistant Manager, Marketing and PR
Systems Limited
E-5, Central Commercial Area
Shaheed-e-Millat Road Karachi-75350
Phone: +9221 34549385-7 X 227
Cell: +92 322 8000035
URL: www.systemsltd.com

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