Hascol Petroleum gets a new CEO

February 24, 2020 (MLN): The Board of Directors of Hascol Petroleum Limited has appointed Mr. Waheed Ahmed Shaikh as the Chief Executive Officer in place of Mr. Salem Butt with effect from March 4, 2020.

It maybe noted that Mr. Saleem Butt had submitted his resignation as CEO of the Company due to personal reasons, which was accepted by the Board subject to ninety days’ notice as per his employment contract commencing from December 20, 2019.

Mr. Shaikh has extensive experience in the Energy sector encompassing business management, supply chain management, and operations management. Mr. Shaikh was previously the Chief Executive Officer of Al-Dabbagh Group and played a pivotal role in the acquisition of the Petroleum Corporation, Al-Dabbagh Group’s wholly-owned entity, and turning around the company into a highly successful business.

Prior to joining Al-Dabbagh Group, he spent 12 years working in Shell Pakistan Limited, where he held various senior positions in their downstream oil business in Pakistan.

Mr. Shaikh holds a Master’s degree in Business Administration from the University of Hawaii in the US and a Bachelors in Mechanical Engineering from the University of Engineering and Technology in Pakistan.

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