September 22, 2020 (MLN): Hascol Petroleum Limited has appointed Mr. Adeeb Ahmad as Chief Executive Officer in place of Mr. Aqeel Ahmed Khan.

Mr. Ahmad's career spans over 30 years with premier multilateral, leading private equity firms and several international investment banks primarily in the Gulf region. He has held C-suite positions engaged in multi-sectoral asset management, private equity investments and M&A across multiple emerging markets, including Pakistan. He is serving on the Boards of K-Electric Limited and Al Shaheer Corporation Limited. Mr. Ahmad holds an M.Sc. from the London School of Economics, United Kingdom. and an MBA from the Institute of Business Administration, Pakistan, the notification to PSX said.

Further, Mr. Aqeel Ahmed Khan has been assigned to take a new role as Chief Executive Officer, Hascol Lubricants (Private) Limited, a wholly-owned subsidiary of the Company.

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