Lotte Chemical Pakistan Limited announced that Mr. Jung Neon Kim, will be stepping down as Chief executive and director of the company with effect from close of business on June 22, 2015 and Mr. Humair Ijaz will be taking over as Chief executive with effect from June 23, 2015 for the remainder of Mr. Kim's term as director which expires on June 22, 2017. Mr. Humair Ijaz is currently serving as Director Commercial and has played an instrumental role in reshaping the company's Commercial function.