Corporate titan: After 27 years at Engro, Asad Umar calls it a day

Published: April 17, 2012
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Umar himself refused to comment on what he would do next.

Umar himself refused to comment on what he would do next.

KARACHI: Corporate Pakistan lost one of its most admired CEOs on Monday, with Asad Umar taking an early retirement from the Engro Corporation, amidst rumours that he might be closing out a highly successful business career to begin a political one.

Umar himself refused to comment on what he would do next. “I do not want to address the speculation at this time. You will hear within the next two to three days what I will be doing next,” he told The Express Tribune. The market however did react to news of his departure and the stock price went up 5% within minutes of the announcement.

His departure, meanwhile, raises the question of who will replace him at the helm of one of the largest and most respected companies in the country. In an internal e-mail circulated to employees, Engro’s chairman and largest shareholder Hussain Dawood did not offer specifics. “Asad’s successor will be announced in the near future,” he said. Dawood owns around 38% of the company.

While there were initially some rumours that indicated that Umar may have left after disagreements with the board, sources close to Engro’s board say that the decision was purely motivated by Umar’s personal desire to move on to other interests.

His tenure at Engro has certainly been a remarkably successful one. When Umar took over as President and CEO of the company in January 2004, Engro was largely just a fertiliser manufacturer with a small petrochemical subsidiary. Under his leadership, however, the company turned into a diversified industrial conglomerate, with interests ranging from fertilizers, foods, petrochemicals, chemical storage, energy and commodity trading.

Small wonder, then, that Dawood was effusive in his praise of Umar when announcing the departure to the company’s employees, noting that under his leadership, Engro’s revenues had grown from just Rs13 billion in 2004 to Rs114 billion in 2011, growing at an annualised rate of nearly 36.4%. (Inflation during that time averaged 12.6% per year.)

Even within the core fertiliser business, Umar took Engro from being a local player to a globally competitive one, leading the firm into the $1.1 billion project that set up the world’s largest single-train urea manufacturing plant in Pakistan.

Umar’s 27-year career at Engro began in 1985, when the company was still a subsidiary of ExxonMobil, the global oil giant. “I still remember the exact figure of my first salary: Rs8,170 per month. My boss at the time said ‘Well, frankly they are paying you too much.’” As CEO of Engro Corporation, Umar was paid Rs68.6 million for the year 2011, which comes to a monthly salary of Rs5.7 million.

In addition to his salary, Umar, 50, was also paid in stock and currently owns about 2 million shares of the company, with options to buy another 924,000, according to Engro’s latest available financial statements. At Monday’s closing price of Rs102.47 per share, that puts the value of Umar’s stocks and options at over Rs300 million.

Umar represents the growing class of executives trained by the country’s business schools who made it big by working their way up the corporate ladder rather than being born into privilege. Umar graduated from the Institute of Business Administration in Karachi in 1984, working for a short stint at HSBC Pakistan before moving to what was then Exxon Chemical Pakistan as a business analyst.

He was the only Pakistani employee of Exxon working abroad (in Canada) when the famous management buyout of Engro took place in 1991. Umar came back to Pakistan and in 1997 was appointed the first CEO of Engro Polymer & Chemicals, the group’s petrochemical arm.

When Umar became president of the company in 2004, he immediately made the company take a global perspective, becoming the first Pakistani private sector firm to hire the top (and expensive) US consulting firm McKinsey & Company to help create the Engro’s strategy. Engro changed its corporate structure as a result of that engagement and is now on a global expansion kick, buying out a US-based food company and considering expanding into the fertiliser business in North Africa to supply the European market.

Possible political aspirations

Umar is long rumoured to have harboured political aspirations. In 2007, he appeared as a contestant on the DawnNews game show “Enter the PM”, which was a mock selection of a new prime minister shortly before the 2008 general elections. Umar emerged the winner in that contest.

In recent months, the blogosphere has been increasingly vocal about Umar’s political leanings, which he hinted at strongly by participating in the Pakistan Tehreek-e-Insaaf’s “Professionals Forum”. Indeed, his political leanings have been rumoured to have had a negative impact on Engro’s relations with the current administration, led by the rival Pakistan Peoples Party.

So strong is this market perception that Engro’s stock hit the upper circuit breaker of 5% as soon as the news was revealed that Umar would be leaving the company. “People think that Engro has not been getting gas for its new fertiliser plant because he has bad relations with the government,” said one portfolio manager based in Karachi.

Published in The Express Tribune, April 17th, 2012.

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Reader Comments (133)

  • Apr 17, 2012 - 3:40AM

    What a Gem he is ! Our own version of Steve Jobs :)

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  • Pakistani first
    Apr 17, 2012 - 4:21AM

    What an awesome addition he would be to PTI.

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  • Dr.X
    Apr 17, 2012 - 4:57AM

    More genuine talent making its way to PTI. And people still question what change such geniuses can bring over a bunch of corrupt fools!

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  • Apr 17, 2012 - 5:02AM

    Wish we had more stories like this of people working hard and succeeding in Pakistani industry.

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  • Ali T.
    Apr 17, 2012 - 6:16AM

    Heard Asad Umar in TedX Margalla. Seemed like a brilliant person but my only question even then was that he seemed kind of politically influenced by PTI. Not a supporter of PTI, but if Asad Umar joins it, he would prove to be a valuable addition to it.

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  • Apr 17, 2012 - 6:46AM

    @Dr.X:
    If he is from PTI im sure he might belong to some other group befor :P

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  • Blithe
    Apr 17, 2012 - 6:55AM

    My advice to all CEOs. Do not indulge
    in politics, stay apolitical. These things can distract your employees and
    backfire.

    The same thing happened to
    a former CEO SCB. He was madly
    in love with Mush and let it interfer with
    Staff meetings.

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  • Mirza
    Apr 17, 2012 - 7:32AM

    At least Asad has a clean and clear record regarding corruption.
    Can’t say the same about other recent joiners of PTI who have been given influential positions (selected not elected . . . as yet).
    Good luck to Asad and PTI – don’t turn a blind eye to any corruption within, be it a friend or a relative.Recommend

  • Hassan Uddin
    Apr 17, 2012 - 7:39AM

    I smell some thing fishy on his resignation. He pocketed around 300 million worth of stock options. No one knows whether he did earnings management or not. By the way, Engro is highly leveraged company. Engro might be the next Dewan Group. They are paying 14.5% interest on their TFC’s. I think thats the real reason he has quit. We will find out over the next one or two years.

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  • AS
    Apr 17, 2012 - 8:18AM

    This move can be discouraging for the employees of the company – the spark has doused.
    Motivation might turn into despair for few. But for many – let us welcome our next potential finance or commerce minister, acclaimed as astute and sensible person.
    Gud luck AU.

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  • Shah
    Apr 17, 2012 - 8:50AM

    @Ali T.:

    Btw.. Hes already in PTI..

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  • zavia
    Apr 17, 2012 - 8:53AM

    Marvelous!!

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  • S A Hussain
    Apr 17, 2012 - 9:02AM

    Asad Umar ,son of Late Major General Umar. His brothers are fairly successful corporate leaders. He heads Pakistan Business Council ,the council has drafted National Economic Agenda which has various recommendations for the economic woes of Pakistan. He has a celebrity status in the corporate sector of Pakistan .I hope he delivers in the economic team of Imran, if he joins PTI.

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  • asim
    Apr 17, 2012 - 9:15AM

    Dear Umar,
    Sir u have really made us proud .Pakistan and youth of Pakistan needs your inspiration . WELL DONE and Bravo
    Asim

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  • khan
    Apr 17, 2012 - 9:17AM

    good job we need more persons like him

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  • Mohsin
    Apr 17, 2012 - 9:20AM

    he was a true asset for engro group

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  • shoeb
    Apr 17, 2012 - 9:22AM

    @Syed Owais Mukhtar:
    dude very lame counter argument

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  • Iram
    Apr 17, 2012 - 9:39AM

    Umar is likely to join PTI. PTI = Party of Talented Individuals

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  • Danish
    Apr 17, 2012 - 9:43AM

    He seems over qualified for PTI. He should start something on his own, given the resources and following that he has.

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  • Farrukh Bashir
    Apr 17, 2012 - 9:44AM

    Welcome to PTI, Asad Umer. We know you have already done alot for Pakistan. Leaving corporate carrier and lavish lifestyle for further betterment of the country is something not everyone can do, but people like IK and you. :)

    Thank you. Pakistan Zindabad!Recommend

  • Hassan Sadiq
    Apr 17, 2012 - 10:03AM

    @blithe why should anyone be apolitical cowards and selfish people are apolitical if Asad Umar can help Pakistan by being in politics why not we need competent and honest people in politics. All power to you AU and best of luck in whatever you do!!!!!

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  • jock
    Apr 17, 2012 - 10:05AM

    Corporate loss; national gain.

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  • Arif Ahmed
    Apr 17, 2012 - 10:17AM

    Well its gr8 shocking news more than that of tsunami! I being the part of the Engro Corp. is still bewildered why such a multi-myriad versatile and legend finally calls off.

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  • M.S. Memon
    Apr 17, 2012 - 10:25AM

    If Asad is going into politics then I think it is a very good decision and good for Pakistan also. As we need people like him in politics who are well educated, good clean back ground and understand the modern world economics and trade (as it is the basis of world politics). It doesn’t matter which party he joins as we need more educated and well trained people like him to come into politics and lead the country and not these current bunch of politicians. Our politics needs educated and middle class people and the reason Pakistan is in current state is that most of the educated peope are not willing to take part in politics and figth for their rights. No General or king gonna come and solve our problems.
    Good luck and wishes to Asad.

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  • Amamd
    Apr 17, 2012 - 10:26AM

    one of the great man !
    Engro guys shame on u, u lost an BIG BIG asset

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  • MAD
    Apr 17, 2012 - 10:31AM

    @Blithe:

    Read the fine print. He has left Engro before joining any party.

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  • Ismail Sultan
    Apr 17, 2012 - 10:35AM

    A surprise wicket for PTI’s Quetta jalsa?

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  • Richard
    Apr 17, 2012 - 11:03AM

    Wish you the very best. Take care. I admire such personalities & gems of our country..

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  • Good to hear about a business tycoon in Pakistan. Best of luck for your future aspirations Umar sahab.

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  • justice to be done
    Apr 17, 2012 - 11:07AM

    IK has been announcing in the media that he’s bringing the best ever planning/governing team. If he meant Asad et al then change is coming for sure. I sincerely hope and pray for the same !

    Hat’s off to Umer for his brilliant, successful, and outstanding corporate career.!

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  • Reader
    Apr 17, 2012 - 11:10AM

    Thank god.. Time to buy Engro! Wee! Considering what he has done to the company now, he is really not that cool!

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  • Abrar R
    Apr 17, 2012 - 11:23AM

    If Asad is considering a foray in politics then that is the change Khan has been talking about. Obviously only PTI offers the platform.

    A parliament full of achievers can take Pakistan forward.

    Its a brave decision on Mr Umar’s part. Its not easy to give up glamour and charm of a corporate CEO’s life.

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  • usman786
    Apr 17, 2012 - 11:30AM

    Not to forget he did MBA Executive from LUMS

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  • Nadeem Saulat Siddiqui
    Apr 17, 2012 - 11:30AM

    Respected Mr. Omer

    I think you can achieve a very pleasant lifestyle by treating human beings, fellow human beings, very well. Doubtless, the way you reject the levish life. I must say
    “Beverly Hills is a place where you spend a lot of money you don’t
    have to impress a lot of people you don’t like.

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  • Hassan Qureshi
    Apr 17, 2012 - 11:38AM

    Wow! Asad Umar, a legend and a true Pakistani.

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  • Shehzad
    Apr 17, 2012 - 11:54AM

    Asad is joining PTI in 2 to 3 days. He has left business world for the sake of entering into politics.

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  • Salman Khan
    Apr 17, 2012 - 12:00PM

    If we have a parliament with people like ASAD UMAR in it, it will be a miracle. Pakistan will stop being what it is now. That will be a quantum leap. We can then hope to become like Malaysia.

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  • Tariq
    Apr 17, 2012 - 12:04PM

    He is an intelligent individual and knew that this was the right time to leave the company. I wish him well for this future projects.

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  • Amadeus
    Apr 17, 2012 - 12:53PM

    He’s probably been shown the door, with the shareholders losing significant chunk of value invested in Engro over the last few years – the company is leveraged to the brim, and a possibly of a restructuring of its debt can certainly not be ruled out in the near term. Indulgence in loads of pet projects by playing with taxpayer money (read: gas subsidies) and excessive leverage has probably led to this.

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  • Hassan
    Apr 17, 2012 - 12:55PM

    And they still say nothing is going to change….change yourself before change changes you

    Dear Omer i admire your brave decision and its people like you who should run this country not these Corrupt mafia..i am happy about it..

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  • Jawaz
    Apr 17, 2012 - 1:10PM

    Great man with a vision. A true Patriotic and hope for future. .

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  • Jawaz
    Apr 17, 2012 - 1:12PM

    @Shehzad:
    will be a good news for Pakistan

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  • Noman Javaid
    Apr 17, 2012 - 1:15PM

    To all those who think that his call to join PTI will deliver a bad impact to emplyees, whose employees, he is no more a CEO of any organization.

    He did it the professional way, he never attended any political forums until he was CEO, once he decided to join (if he has), he resigned from his office and now will annouce his next plan (whatever it is going to be).

    thanks.

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  • Apr 17, 2012 - 1:19PM

    I don’t know why he resigned. But as the speculation goes, he aims to join PTI. A leader with a vision who has delievered a lot for Engro. I think he feels that it’s time about to take a new and yet a bigger challenge. He’s already turned a company which stood nowhere into a global success. I think he is set to turn this sleeping nation into a successful one!

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  • Apr 17, 2012 - 1:40PM

    hats off

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  • Apr 17, 2012 - 1:42PM

    He is a visionary leader, will be missed for coming decades. Hats off for him, still recall his lecture in LUMS – year 2006 & 2007 – we learned from him, he is a born motivator and leader who can transform anything. Wishes and prayers for his success in future. Regards Nouman

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  • S. T. Khan
    Apr 17, 2012 - 1:47PM

    By the way, many brilliant top executives at Engro quit at around the same time as him. In case you all weren’t aware of that piece of information.

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  • maz3tt
    Apr 17, 2012 - 1:57PM

    Pakistan need more people like him. well done to him to have stayed in Pakistan and served here.

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  • Saleem
    Apr 17, 2012 - 2:04PM

    The news piece also reflects the malice and evil harbored by PPP against well established business entities.

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  • Alaat Dee
    Apr 17, 2012 - 2:08PM

    What a waste….Asad Umer you have no idea what you going to put yourself into….Reconsider and think 10 times before taking that suicidal decision. Wait for a caretaker setup and play your role as Finance,Commerce,Economic Affairs or Production Minister. In ideal case scenerio you might also be considered PM’s slot. Trust me Mr Umer this game is vey dirty and you would be wasting time fighting against the odds. Anyway wish you GOOD LUCK in your new venture!

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  • Allah Bukhsh Noon
    Apr 17, 2012 - 2:10PM

    A Great Legend. Engro employees will always miss you

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  • Majid
    Apr 17, 2012 - 2:13PM

    He is truly needed Pakistani asset and we must promote Asad wherever he goes.His vision, talent and approach are simply remarkable and are God gifted, we must capitalize them and should get maximum out of it. He is the finest corporate leader with clean slate. We wish Asad tons of luck in all his earnest future attempts.

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  • Ashar
    Apr 17, 2012 - 2:41PM

    He should be given PIA if PTI returns victorious in next election

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  • Naveed Farooqi
    Apr 17, 2012 - 2:44PM

    this is a great news, I see him as our new Prime Minister. Wow!! for once we could also be proud of our politicians. Lets hope her gets there where he belongs and also take our country where it should be.
    I have a feeling that our good times are coming.
    Way to Go Mr. Asad Omer.

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  • Shujaat Ali Shah
    Apr 17, 2012 - 2:45PM

    We need such gems to help Pakistan. Real Enterpreneur

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  • Nadeem
    Apr 17, 2012 - 2:47PM

    And after joining PTI he would be sitting with the likes of Asif Ahmed Ali and Laghari Bros. So much for the talent!. For all the die hard fans of PTI, take my advice. Stop dreaming about getting into power anytime soon. Imran is yet to learn the street politics and till that time, its “Delhi Doorast”.

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  • John Cansolda
    Apr 17, 2012 - 2:55PM

    In a country of Pakistan People’s Party where people sell their votes for PKR 100, where Benzair Income Support Program ensures their voters don’t die and don’t get self respect, Asad Umar should have joined Mittal Group or General Dynamics.

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  • Umer
    Apr 17, 2012 - 2:56PM

    This is a time to achieve self actualization level and Do something better for the country…
    best of luck for future

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  • BADurrani
    Apr 17, 2012 - 2:56PM

    @Danish Mughal:
    Steve Jobs was a designer and inventor Asad Umar is a top notch administrator/manager two very different things

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  • Malik Ali
    Apr 17, 2012 - 3:02PM

    Sir, Please start teaching at Business Schools (specially under ranked institute) to inspire them and incarnate more Asad Umers in Pakistan. God bless you.

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  • MAD
    Apr 17, 2012 - 3:03PM

    @usman786: IBA bro IBA. 1984 grad

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  • Faisal Memon
    Apr 17, 2012 - 3:10PM

    Bravo Sir…I hope u will b inspiration for all those who r sitting behind n hoping things will get better automatically…only way to end gutter politics n get rid of gutter politicians is to step in and leave no space for them….My salute to u sir

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  • Mohammad Ali Siddiqui
    Apr 17, 2012 - 3:15PM

    No one is indispensable in the world.

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  • moin shah
    Apr 17, 2012 - 3:16PM

    I am thrilled to see such talent coming to PTI !
    Guys, remember Imran always says he would give Pakistan the best team Pakistan has ever seen before, here is the example, first in the form of Azeem Ibrahim, (a young 35 yrs old british pakistani and one of the world’s top 100 global thinkers) and now a Pakistani Steve Job, joining the party of change, under the dynamic leadership of imran khan.

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  • Hassan
    Apr 17, 2012 - 3:30PM

    @Alaat Dee, you are among the nay-sayers :)

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  • saeed
    Apr 17, 2012 - 3:41PM

    great decision Umar to join PTI

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  • Abid Javed
    Apr 17, 2012 - 4:16PM

    LEGEN… wait for it, wait for it… LEGENDAAAAAARYYY… no words to explain ur awesomeness SIRE….
    I am cent % sure u will benefit any field you’ll step into. Good luck.

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  • Rizwan Tariq
    Apr 17, 2012 - 4:26PM

    Asad Umar is a visionary leader of corporate world! He is Steve Jobs of Pakistan. I have watched his several interviews on TV. The presence of such leaders indicate that corporate sector is moving forward in Pakistan despite energy issue. Asad Umar you are my corporate ideal! May Allah bless you with a lot of happiness

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  • Farhan kermani
    Apr 17, 2012 - 4:28PM

    Pakistan would go a long way if it gets people like him. hope PTI wins and hes from the winning team.

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  • Raos
    Apr 17, 2012 - 4:44PM

    I think Umar must be appointed as a Interim prime minister of Pakistan for few years.I hope things will turn into Pakistan pockets.Anyway best of luck for future endeavours .You have played a excellent inning in corporate sector and eyes on you for future.

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  • Saad
    Apr 17, 2012 - 4:45PM

    Please don’t you decades of hard work by joining PTI.

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  • ishrat salim
    Apr 17, 2012 - 5:04PM

    Good news…godd luck to u Sir…..Recommend

  • Omair
    Apr 17, 2012 - 5:13PM

    Probably, going back to Ontario, Canada again.. let him do what he wants..Recommend

  • ahmad
    Apr 17, 2012 - 5:29PM

    It would be a shame if he left Pakistan, a lot of entrepreneurial brains have done so and our country has suffered. His inclusion in a political party might influence a change if he gets to work sincerely like he did in Engro. Yes this is true that the current political scenario is not ideal, but this has been the case throughout history.

    People were hoping that Thar Coal project kicks off but this is not the case. The media should do a bit of research on this matter

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  • Fahad Khan
    Apr 17, 2012 - 5:32PM

    IK has motivated the educated class to come forward and play its part to make this country great. AU is an achievement for IK and PTI…

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  • ahmad
    Apr 17, 2012 - 5:34PM

    @BADurrani:

    No Steve Jobs did initiate the designing phase early in his career, but then moved onto being an entrepreneur , please read his book Business @ the Speed of Thought and check his countless lectures on leadership.

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  • akhtar ishaque rana
    Apr 17, 2012 - 6:17PM

    i hope you live in pakistan. not going out of countery. please Pakistan need more people like him. well done to him to have stayed in Pakistan and served here.join (PTI)Anyway wish you GOOD LUCK in your new venture!

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  • Apr 17, 2012 - 6:25PM

    Asad, pls don’t join politics…. you are great asset to pakistan …. Recommend

  • siddique
    Apr 17, 2012 - 7:21PM

    deserve PTI

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  • A
    Apr 17, 2012 - 7:45PM

    He’s obviously life sufficient that’s why he’s joining politics..otherwise he probably got an amazing offer abroad

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  • Shahid Mansoor
    Apr 17, 2012 - 7:55PM

    I know Umar and I am sure he is thinking of doing something greater. He is a role model and I will like to follow his future moves. Good luck to him.

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  • Ebad
    Apr 17, 2012 - 7:55PM

    @Danish Mughal: Danish.. I love ur comment.

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  • Amer
    Apr 17, 2012 - 8:07PM

    Well I learned about Mr Asad Umar by this article and then googled for his portfolio and achievements and i am really impressed. I wont give any opinion on his affiliation with PTI but such people really need to rise and save Pak.

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  • Faesal
    Apr 17, 2012 - 8:08PM

    Awesome guy, Hope he becomes Finance Minister of Pakistan

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  • Nadeem
    Apr 17, 2012 - 8:18PM

    What a great sacrifice by Asad Umer.

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  • Nabiha Chauhdry
    Apr 17, 2012 - 8:18PM

    This is for all those who think politics should be left to ‘dirty politicians’ :)

    Asad Umar has been the ‘dream man’ of any engineer or business professional ever since I opened my eyes to this world. Talking to him once on phone for a uni. program made any one feel on top of the world! THIS brilliant man had been in the Karachi Think Tank of PTI for the last 1.5 year almost. Meeting him was an honour in our meetings. TODAY, he left all the glamour of his brilliant career to SERVE where he was needed more! :) :) ‘THE’ dynamism that makes him more valuable to PTI and Pakistan than any aged politician who recently joined us.

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  • Abdullah
    Apr 17, 2012 - 8:29PM

    engro lost it’s real valuable asset…. ppl like Asad Umar are very much needed to country

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  • ss
    Apr 17, 2012 - 8:38PM

    i hope he joins PTI, we need more ppl like him to inspire our youth, keeping my fingers crossed :)

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  • Faiz
    Apr 17, 2012 - 9:09PM

    Lobbying for Engro and other like minded vested interests is what this person will be doing if he really goes into PTI. It is all too obvious!

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  • Hasan
    Apr 17, 2012 - 9:46PM

    Last week he was was seen with PMLN officials and also he is an active voice in Punjab Skill Development Fund ( PSDF) . Also he not only attended but give tremendous input in energy conference supervised by PMLN. So wait and see that he could go both ways. So could it be his decision could surprise some people He could join PMLN as well.

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  • Amin Ahmed Baloch
    Apr 17, 2012 - 9:54PM

    Dear Umar,
    I think a big loss of Engro group on early retirement from the Engro Corporation, i wish you GOOD LUCK in your new venture! best of luck in whatever you do!!!!!

    Recommend9

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  • ARIF ALI
    Apr 17, 2012 - 9:55PM

    We ENGRO Worker want to see Assad Umar the PRESIDENT OF PAKISTAN. Inshallah

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  • Azim
    Apr 17, 2012 - 9:55PM

    I hope Asad gets a chance to repeat his success story by turning Pakistan into economic power house – I believe many more like him will join the ranks of PTI soon! IA – And to all supporters of other political parties, guys with all due respect let’s give PTI and Pakistan a chance as if PTI wins I believe Pakistan will win. IA

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  • Apr 17, 2012 - 10:07PM

    He has taken Engro down the drain. They make a 1bn dollar investment not knowing if they would get gas or not? He is the biggest mgmt failure a pakistani company has seen and the same will happen in politics.

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  • Hassan
    Apr 17, 2012 - 10:23PM

    When we will be able to see a book on Asad Omer. He is role model for many people working in corporate world.

    Asad @ Best wishes for your future. I had a deep wish of working with me you. May not be possible for time being, may be for the future.

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  • Azeem
    Apr 17, 2012 - 10:31PM

    Mr. Umar’s entrance in politics will not do any good. We’ve already had individuals like Shaukat Aziz, Shaukat Tareen and Abdul Hafeez Sheikh and all of didn’t do any good to the country. I urge Mr. Umar to join some NGO i.e the citizens foundation and launch some education venture. Anyway good luck to Mr. Umar in his future endeavour.

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  • mm
    Apr 17, 2012 - 10:43PM

    if he is going in politics and joining PTI then he could be areal asset for PTI being a technocrat…he sounds like a person who wants to do something for pakistan…i attended a seminar in which he was a guest speaker and believe me he had got great ideas …and someone who has got the ability to make those ideas a reality…

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  • k. Salim Jahangir
    Apr 17, 2012 - 10:45PM

    If we have a few more professional, dedicated, honest, perceptive & true Pakistanis like Asad umars, sky is the limit for Pakistan!!! Asad, one would like to wish you success in your future venture, do some thing to uplift the spirit of Pakistan .

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  • Moiz malik
    Apr 17, 2012 - 10:54PM

    We welcome u

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  • Asif
    Apr 17, 2012 - 11:09PM

    hmm! admirable

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  • Khalid Gul
    Apr 17, 2012 - 11:23PM

    He would prove to be a valuable additionrole as Finance,Commerce,Economic Affairs or Production Minister.Pakistan need more people like him, we learned from him, he is a born motivator and leader who can transform anything,the company is leveraged to the brim, and a possibly of a restructuring of its debt can certainly not be ruled out in the near term.Great man with a vision,A true Patriotic and bravo.
    best of luck.

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  • Ammar
    Apr 17, 2012 - 11:37PM

    @Danish Mughal Steve jobs? He is more like Jack Welch

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  • Apr 17, 2012 - 11:38PM

    He has a celebrity status in the corporate sector of Pakistan Doubtless, the way you reject the levish life. I must say If he meant Asad et al then change is coming for sure. I sincerely hope and pray for the same !
    we need more educated and well trained people like him to come into politics and lead the country and not these current bunch of politicians. I admire such personalities & gems of our country.. GOOD LUCK

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  • rana kashif
    Apr 17, 2012 - 11:45PM

    Asad Umer, you are a real insipiration for youth. If people like you manage affairs of this country it is destined to greatness.As an engro employee i feel proud that you were our CEO good luck boss.

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  • Apr 17, 2012 - 11:52PM

    Very well Doubtless, the way you reject the levish life. I must say he has a celebrity status in the corporate sector of Pakistan,why such a multi-myriad versatile and legend finally calls off.
    Its not easy to give up glamour and charm of a corporate CEO’s life.
    As we need people like him in politics who are well educated, good clean back ground and understand the modern world economics and trade (as it is the basis of world politics). It doesn’t matter which party he joins as we need more educated and well trained people like him to come into politics and lead the country and not these current bunch of politicians.
    change is coming for sure. I sincerely hope and pray for the same !
    GOOD LUCK

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  • ahmad
    Apr 18, 2012 - 12:48AM

    best of luck omer

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  • Moni Shaikh
    Apr 18, 2012 - 1:11AM

    @Hassan Uddin:
    I don’t think we can compare it with dewan group as Engro has diversified portfolio with fertilizer(agriculture) and foods which produces products satisfying the basic needs of the consumers.
    Secondly, dewan group had failed to anticipate the changing business trends and was not responsive enough to handle the situation.
    Most importantly, being highly leverage doesn’t means that a company might collapse. It just indicate that the investing in such a company would be a high risk. But again, higher the risk, higher would be the returns.

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  • Ahmad Khan
    Apr 18, 2012 - 2:54AM

    Team PTI is growing good with more professionals and educated class. I hope that all others get the message and masses give up on the current lot of corrupt politicians.

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  • Dr. Anjum Siddiqui
    Apr 18, 2012 - 3:14AM

    I know Asad from the time I joined Engro in 1995. A through professional and a very good person with good values. I enjoyed working with him as my colleague.

    Asad, your resignation has come as a surprise though I can understand that you may have other challenges awaiting you. Best wishes to you my friend in whatever pastures you choose for yourself.

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  • Alaat Dee
    Apr 18, 2012 - 3:37AM

    @Hassan: No its not that Hassan. All I am trying to say is that he is a person of merit who wont fit in the ill political system of this country. He could contribute his remaining energies into something productive that will bring a change some how, some where and some day. Tell me still am I a naysayer :)

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  • Omer Adhia
    Apr 18, 2012 - 4:25AM

    @Alaat Dee

    To quote Plato

    “Those who are too smart to engage in politics are punished by being governed by those who are dumber.”

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  • common pakistani
    Apr 18, 2012 - 5:15AM

    I have a slightly ominous feelin as to where this guy will emerge.

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  • @Author: This was a good motivational story. Please do share other success stories of Pakistani entrepreneurs. Kab tak US CEOs ki stories suntey rahingey

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  • MAD
    Apr 18, 2012 - 10:58AM

    @Moni Shaikh: Yes Engro’s leveraging is an issue but the problems affecting the company are more to do with the gas shortfall rather than anything else. Engro is a bit scary at the moment but comparing it to Dewan would be unfair.

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  • sara r.
    Apr 18, 2012 - 12:15PM

    @Danish Mughal:
    :) a cool way to decribe him! a true visionary!

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  • Abdul Samad
    Apr 18, 2012 - 12:45PM

    @Ismail Sultan: may be ismail bhai, Here is a strong rumour.

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  • Sharf
    Apr 18, 2012 - 12:52PM

    Asad Umer: Reason to believe in Pakistan!

    Respect!

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  • Basit
    Apr 18, 2012 - 1:26PM

    Umar’s out of box thinking and working style leads these change i.e engro to engro corp and increase the revenue, I met him on various occasion found this gem of guy’

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  • Apr 18, 2012 - 1:33PM

    Warm Welcome! PTI is a right platform for persons of your stature. Your joining of PTI will Inshallah inspire others to follow your goodself. PAKISTAN PAAINDABAD

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  • Syed Shahnam Hasan
    Apr 18, 2012 - 4:00PM

    Wishing Mr. Umar all the best for his future endevors.

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  • Born Political
    Apr 18, 2012 - 4:58PM

    Very impressive profile. About his decision to resign, thats his personal decision and must be respected (that shows how much we interfere on others personal lives and then we blame our media for this)

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  • Muhammad Sajid
    Apr 18, 2012 - 5:20PM

    I want to see him atleast atleast the Prime Minister..

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  • R Bilal
    Apr 18, 2012 - 8:11PM

    Noman Akbar wrote “he is a born motivator and leader who can transform anything”

    if Mr Umar is really what the article about him says. and if the speculation regarding him coming to politics are true. All we as die hard Pakistanis can do is PRAY…PRAY and pray for more of these kind
    hope wish and pray that honest and clean people come and contribute to the growth, develop and economic stability of this nationa. It will be possible only and only, if people can stay united for a cause. What we see all the time is bungee jumping from one pary to another…probably for PERSONAL gains, fame and fortune.

    Wish he can motivate the younger generation to join hands and rise up to the cause ..and transform Pakistan. If it can happen in Malaysia…why cant it happen in Pakistan. it could be this Mr Omar or any one similar, but we definitely need a change. We need some new faces, taht we can lay our hopes on.

    All our wishes prayers and support to any one who gets in to the Governance of this country with clean hands and mind.

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  • Fauzia Mussarat
    Apr 19, 2012 - 9:40AM

    Wish you all the best Mr. Asad. You have proven to be a dynamic corporate head. You have my vote. Pls don’t disappoint us.

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  • Ahsan Raza
    Apr 19, 2012 - 10:25AM

    Pakistan needs people like you.Help making Pakistan a success story please.

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  • Asad Ali
    Apr 19, 2012 - 11:34AM

    One of the few Motivating leaders in Pakistan,, well done for every thing u did…u inspire us ..
    best of luck with ur new project. hope it become success like Engro..

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  • caice
    Apr 19, 2012 - 1:08PM

    @Danish Mughal: Steve jobs was a man of invention and he introduce world with un believable reality..
    but this guy is good to in his field but you can’t compare him with Steve jobs, he has less practical value infront of Steve Jobs.

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  • Amer Ata
    Apr 19, 2012 - 2:47PM

    Credibility cortizon injected in PTI.. Weldone Imran ..Get some of these and you are through in the next Election

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  • Amer Ata
    Apr 19, 2012 - 2:49PM

    Credibility Cortizon injected in PTI..Well done Imran..Have some of these and you are through in the next elections..

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  • Saqib
    Apr 19, 2012 - 4:31PM

    Really a bold, great & timely step taken by Asad Umar.
    Our prayers, best wishes n support is for u, Umar.

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  • Apr 19, 2012 - 9:22PM

    He is an asset to Pakistan, he is a change agent , a visionary leader ,a role model for the business graduate who are currently working in a corporate and for the those who are going to enter in days to come.

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  • TARIQ
    Apr 20, 2012 - 4:25PM

    Great man with a vision. A true Patriotic and hope for future. Pakistan and youth of Pakistan needs your inspiration . WELL DONE and Bravo, he is a born motivator and leader who can transform anything. Wishes and prayers for his success in future.

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  • Apr 21, 2012 - 9:15PM

    He is an asset, a change agent. and believes in continuous improvement, he transformed the life of a firm, if he is thinking to join politic than it is a dirty game and Asad is incapable to play a game that has no rules, regulations and ethics.

    I wish other businesses may learn from his experience and successful attempts of risk taking.

    I wish Asad good luck and good health

    Zafar Mehdi

    Senior Faculty and research analyst

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