Ahsan Zafar Syed appointed as President, CEO Designate of Engro Corporation

January 31, 2024 (MLN): The Board of Engro Fertilizers Limited (PSX: EFERT) has been informed that Mr Ahsan Zafar Syed has been appointed as the ‘President & Chief Executive Officer – Designate’ of Engro Corporation Limited, the company's filing on PSX revealed.

Mr Ahsan Zafar Syed will remain actively engaged in managing the affairs of the company as the Chief Executive Officer.

Following his appointment as President & Chief Executive Officer of Engro Corporation Limited, the Board of Directors of the company will appoint a new Chief Executive Officer.

Ahsan Zafar Syed is the CEO of Engro Fertilizers Limited – Pakistan's premier seed-to-harvest solutions provider and a subsidiary of Engro Corporation Limited.

Ahsan started his professional career with Engro (then Exxon Chemical Pakistan Limited) more than 30 years ago. As a proud alumnus of NED, he has vast experience in leading multi-billion-dollar, mega-scale projects and stakeholder management to achieve several notable milestones for Engro.

He played a key role in the construction of the $1.1 billion EnVen Project, the world's largest single-train urea plant, for Engro Fertilizers. After EnVen’s commissioning, in 2011, Ahsan spearheaded the operations of Pakistan’s largest rice processing facility in Muridke for Engro Eximp Agriproducts.

Since 2014, Ahsan has been the bedrock of Engro’s Energy vertical, responsible for taking the Thar project to its commercial operations in 2019 and developing a path for the company to operate in a liberal market using renewable fuels as the source.

He served as the CEO of Engro Energy, overseeing investments, operations, and business development at Engro Powergen Qadirpur Limited (EPQL), Engro Powergen Thar Limited (EPTL), Sindh Engro Coal Mining Company (SECMC), Engro Energy Services Limited (EESL), and Siddiqsons Energy Limited.

By establishing the CPEC-endorsed Thar power and mining projects under his leadership, the Engro Energy vertical has been able to successfully unearth Pakistan’s large coal reserves in Thar and contributed significant foreign exchange savings for the Country’s progress.

Ahsan earned a bachelor's degree in Mechanical Engineering from the NED University of Engineering and Technology and subsequently pursued a post-graduate degree in the USA. He has also completed executive programs from INSEAD.

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