Lt. Col (Retd.). Muhammad Nazrul Islam, Bir Protik, is an Independent Director and the Chairman of the Nomination and Remuneration Committee of the Board of Directors of Pioneer Insurance Company Ltd.

During Liberation War of Bangladesh in 1971, Mr. Islam joined the Mukti Bahini and was commissioned as an Officer in the First War Course in the Bangladesh Army. He received the gallantry award, Bir Protik, for his role in the war. He retired voluntarily from the Army in 1991 as a Lieutenant Colonel. He was elected to parliament in 2008, 2014 and 2018 from Narsingdi-1 constituency. He served as the State Minister of Water Resources from 2014 to 2018. He is the Member of Parliament Standing Committee on Public Undertaken and Ministry of Water Resources. Mr. Islam also served as Assistant Defense Advisor of Bangladesh High Commission, London from 1987-1990.