Network Microfinance Bank Limited announced that Mr. Khair Mohamed Junejo, chairman has ceased to be the Chairman of the company, effective January 24, 2012 and Mr. Jamshed Iqbal Cheema have been appointed as Chairman of the Board of Directors. The company also announced the resignation of Mr. Nazar Mohammad Shaikh, Mr. Kamal Afsar, Mr. Syed Mohammad Rehmanullah, Ms. Farah Qureshi, Mr. Zainul Abidin Memon and Mr. Muhammad Siddique Khakhor as directors and Mr. Azam Cheema, Mr. Akram Shahid, Ms. Shahida Bilquis, Mr. Qamar-uz- Zaman, Mr. Shoaib Ahmad Butt and Mr. Ejaz Ahmad Khan were appointed as directors.