Hascol Petroleum appoints Javed Ahmedjee as New CEO

May 05, 2025 (MLN): Hascol Petroleum Limited has appointed Mr. Javed Ahmedjee as its new Chief Executive Officer, effective today, in a move aimed at steering the company through a new phase of transformation and growth.

The company formally notified the Pakistan Stock Exchange today under Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book.

Mr. Ahmedjee brings with him over three decades of leadership experience spanning diverse sectors including energy, banking, pharmaceuticals, healthcare, education, and capital markets.

His career includes key roles in Pakistan, Africa, and Europe, where he has worked with Fortune 500 companies and regional firms alike.

He is widely recognised for leading the turnaround of Puma Energy, reshaping it into a commercially viable and future-ready enterprise. His track record also includes executing complex M&A deals across emerging markets and playing a central role in the largest pharmaceutical merger in Pakistan.

A Fellow Chartered Accountant from the Institute of Chartered Accountants of Pakistan, Mr. Ahmedjee has served as a trusted advisor and board member at leading institutions including Citibank, GSK, Shajar Capital, Karachi Port Trust, and Puma Energy.

Hascol’s Board of Directors welcomed Mr. Ahmedjee’s appointment, terming it a critical step forward for the company. “With his deep strategic insight, entrepreneurial drive, and proven ability to lead transformation, we are confident that Mr. Ahmedjee will play a vital role in Hascol’s resurgence,” the company stated.

As the company aims to rebuild shareholder confidence and strengthen its market position, the board reiterated its commitment to sound governance and effective leadership under the new CEO’s direction.

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