Fauji Foundation has appointed Waqar Ahmed Malik as their new Chief Executive Officer and Managing Director with immediate effect.

Waqar Ahmed Malik's corporate & business experience spans over 30 years across three continents. A specialist 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.

27 years of his career have been with Fortune 500 companies. His career began with the ICI Plc group based in the UK 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, he served as the Chief Executive Officer of ICI Pakistan Limited and also the CEO and Chairman of Lotte Pakistan limited (formerly Pakistan PTA Limited). He moved on from ICI Pakistan Limited in December 2012 post divestment of majority shareholding of the foreign sponsor in ICI Pakistan Limited to a local group. He also has vast experience in managing functional teams as well as leading large and complex manufacturing based operations.

The announcement was made through notification by the Fauji Foundation as pictured below.

Waqar 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 Limited, director ENGRO corp, Engro Polymer Chemicals Limited , TPL direct insurance ,and Chairman Noesis (Pvt) Ltd.