The Fauji Foundation has appointed renowned corporate figure Waqar Ahmed Malik as its new Managing Director and Chief Executive Officer.
The announcement has recently been made through a notification issued by the foundation.
Spanning over 30 years in corporate and business sectors across three continents, Malik has specialty in strategy, corporate/ business leadership and board governance.
His professional experience includes managing and leading businesses in the petrochemicals, consumer and the life sciences industry.
Malik’s career began with the ICI group based in the United Kingdom and then Akzo Nobel in the Netherlands where he was provided opportunity to work in Europe and the Americas.
In Pakistan, he was appointed as the Country Head of ICI Plc’s operations in Pakistan, the largest foreign investment in the chemical sector at the time. For over 10 years, Malik served as the Chief Executive Officer of ICI Pakistan and also the CEO and Chairman of Lotte Pakistan (formerly Pakistan PTA Limited).
He moved on from ICI Pakistan in December 2012 post divestment of majority shareholding of the foreign sponsor in ICI Pakistan to a local group. Malik also has vast experience in managing functional teams as well as leading large and complex manufacturing based operations.
Malik also served in the past as President of Overseas Investors Chamber of Commerce & Industry, Management Association of Pakistan, Director Pakistan Business Council and is a Trustee of the Lahore University of Management Sciences, Duke of Edinburgh trust & the Indus Valley School of Art.
He has also been a member of the Board of Central Bank of Pakistan, Chairman Sui Southern Gas Company Limited, Member Board of OGDCL, Karachi Port Trust, director IGI Insurance, director ENGRO Corp, Engro Polymer Chemicals, independent non-executive director Standard Chartered Bank, non-executive chairman Pakistan Oxygen, non-executive director TPL Insurance, TPL direct insurance, and Chairman Noesis.
