Wafi Energy confirms Zubair Shaikh as CEO
MG News | July 29, 2025 at 05:44 PM GMT+05:00
July 29, 2025(MLN): A new phase of growth begins as Wafi
Energy Pakistan (PSX:WAFI) appoints Zubair Shaikh
as its Chief Executive Officer.
The move comes less than a year after Wafi Energy Holding
completed its acquisition of Shell Pakistan, marking a key phase of
transformation and growth in the country's evolving energy sector, according to
a press release issued.
The confirmation ensures continuity of leadership at a time
when the company is ramping up its investments and deepening its presence in
Pakistan.
With nearly two decades of experience across energy and
finance, Zubair has been central to steering Wafi Energy through the
post-acquisition transition.
Under his leadership,
the company has delivered operational improvements while laying the groundwork
for long-term strategic goals.
“Zubair’s confirmation reflects the Board’s confidence in
his ability to lead Wafi Energy Pakistan,” said Ghassan Al Amoudi, Chairman of
the Board.
“His deep sector knowledge, commercial insight, and ability
to deliver results make him well-positioned to drive sustained value for our
shareholders, customers, and partners.
As CEO, he will continue to shape Wafi Energy Pakistan’s
next phase of growth to become a leading energy player delivering innovative,
responsible, and future-ready energy solutions for the country.”
Zubair’s tenure with Shell began in 2006, covering senior
roles in finance, strategy, and operations. He has led both the lubricants and
retail fuels segments in Pakistan, serving as General Manager Lubricants and
General Manager Mobility.
A Fellow Member of
the Institute of Chartered Accountants of Pakistan, he also brings experience
from the banking, ports, and audit sectors.
As the exclusive licensee of Shell fuels and lubricants in
Pakistan, Wafi Energy is positioned to carry forward the legacy of a brand that
has been present in the country for 78 years.
Backed by the Saudi-based Asyad Group, the company is
aligning itself with Pakistan’s growing demand for innovative, responsible, and
resilient energy solutions.
Wafi Energy's renewed leadership marks a strong step toward
realizing its ambition of becoming a key player in the country’s energy
transformation.
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