New boss: Game of CEOs ends as Engro Corp announces new chief

Khalid Siraj Subhani takes over; Ali Ansari’s three-year term ends

KARACHI: Khalid Siraj Subhani has taken over at the helm of Engro Corporation, the company announced on Wednesday, as its new chief executive officer and CEO.

Subhani, who has been with the company for 32 years, replaces Ali Ansari who served Engro for a term of three years and was responsible for successfully revamping the, the statement added.

Subhani comes as a seasoned industry veteran who started his career as an operations engineer with the then Exxon Chemical Pakistan Limited in 1983, the release added.

“The new official has seen the transition and growth of Engro in different roles over the years and has been a major part of the company’s success,” the statement said.

“A chemical engineer by profession, Subhani has held many important roles at Engro. After his initial years, he worked in various manufacturing and non-manufacturing divisions before taking on the role of Engro Fertilizers CEO in 2010 where he provided oversight for EnVen Expansion Project.

“Prior to his role as Engro Corp president, he was the CEO of Engro Polymer & Chemicals Limited, the group’s petrochemicals business, since 2012.” Engro Polymer & Chemicals – the only company in Pakistan that produces Poly-Vinyl-Chloride (PVC) – reported a profit of Rs50 million in 2012 after a gap of three years. The company consolidated its profit in 2013 to Rs717 million. However, due to unfavourable market conditions, it posted a loss of Rs1.02 billion in calendar year 2014.

Published in The Express Tribune, May 14^th,  2015.

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