Board Of Directors | Pakistan Oxygen Limited

Board Of Directors



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Mr. Waqar A. Malik

Chairman

Mr. Malik is the Chairman of Pakistan Oxygen Limited (formerly Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) Limited that he earlier co-founded.

Mr. Malik is a fellow of the Institute of Chartered Accountants in England and Wales and is also an Alumnus of the Harvard Business School and INSEAD.

Earlier his career with The ICI Plc Group based in the UK spanned over 27 years and later with AkzoNobel N.V. based in the Netherlands. For nearly 10 years, he served as Chief Executive Officer of ICI Pakistan Limited and also the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and AkzoNobel, he worked in Europe and Americas at senior positions.

Mr. Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Details of present offices held by Mr. Malik in other companies/entities are provided in the annexed Statement of Corporate Governance on page No. 51.

Earlier, Mr. Malik also served on the prestigious Boards namely:

• Pakistan Petroleum Limited - Chairman (Non-Executive & Independent);
• Engro Corporation Limited - Director (Non-Executive & Independent);
• Standard Chartered Bank Pakistan Limited - Director (Non-Executive & Independent);
• Engro Polymer and Chemicals Limited - Director (Non-Executive & Independent); and
• TPL Insurance Limited - Director (Non-Executive).

Mr. Malik has been playing an instrumental role in development of Pakistan's Regulatory System as well as for the advocacy to undertake economic reforms. He also served as Director - State Bank of Pakistan (Central Bank of Pakistan), President - Overseas Investors Chamber of Commerce & Industry (OICCI), President - Management Association of Pakistan (MAP) and Director - Pakistan Business Council (PBC).

Mr. Malik is also a member of the visiting faculty of Pakistan Institute of Corporate Governance, Former Member of Board of Governors of Lahore University of Management Sciences (LUMS) and Former Member of Board of Indus Valley School of Arts.

He participates actively in social and philanthropic activities through i-Care Foundation as a Trustee. He also contributes to improve the quality of life of underprivileged by enhancing the level of philanthropic support.

A Trustee of Duke of Edinburgh Trust Pakistan, he was awarded Prince of Wales Medal as a Trustee of the Prince of Wales Pakistan Recovery for the Flood Victims in 2010.


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Mr. Matin Amjad

Chief Executive Officer

Mr. Matin Amjad was appointed as Chief Executive Officer of Pakistan Oxygen Limited with effect from March 26, 2018.

Mr. Amjad holds a BSc (Hons) degree in Economics from the London School of Economics & Political Science. He has also attended executive education programs at Oxford University, U.K. and at INSEAD, France. He has completed his Directors Training Program from Pakistan Institute of Corporate Governance.

Mr. Amjad began his professional career in 1998 with ICI Pakistan Limited, which at the time was part of ICI Plc. U.K., and subsequently of AkzoNobel. Mr. Amjad brings with him over 23 years of multi-functional and business experience in a MNC and local company environment with leadership roles in commercial, supply chain, strategy and operations in diverse industrial segments including, pharmaceuticals, animal healthcare, paints and also within ICI Pakistan's chemicals businesses including polyester fibers and soda ash.

Mr. Amjad is also a Non-Executive Director on the Board of Askari Cement Limited.


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Mr. Siraj Ahmed Dadabhoy

Director

Mr. Siraj Dadabhoy has more than 26 years of experience in the real estate and financial industries in a range of leadership roles.

Mr. Dadabhoy is a founding partner and Chairman of AION Partners, a New York based real estate private equity and investment management company.

Mr. Dadabhoy is also the founder and Managing Director of AION Global, a developer of real estate in the U.K.

Additionally, Mr. Dadabhoy serves as a member of the Board of Directors of TPL Properties Limited. Mr. Dadabhoy is a 1988 graduate of Indiana University, with a Bachelor of Science in Accounting and Finance. He is also a qualified Certified Public Accountant.


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Syed Hassan Ali Bukhari

Director

Syed Hassan Ali Bukhari joined the Board of Pakistan Oxygen Limited on 7th January 2018 and is also a member of the Board Human Resource, Remuneration & Nomination Committee.

Mr. Bukhari is a fellow of the Institute of Chartered Accountants of Pakistan. Mr. Bukhari's corporate experience span over 38 years, in different positions with Mackinnon Mackenzie & Co. of Pakistan until his retirement as Chief Executive & Managing Director of the company in the year 2010.

Mr. Bukhari is now advisor to Chairman of Hilton Pharma (Pvt) Limited since 2011.

Mr. Bukhari has served as a Board member of Karachi Port Trust and Pakistan Institute of Corporate Governance.

His current engagements in other companies/entities include:
• Bank AL-Habib Limited - Independent Director
• Quick Food Industries (Pvt) Limited - Non-Executive Director
• Pakistan Gum and Chemicals Limited - Non-Executive Director

Mr. Bukhari has attended General Management Course at Henley Management College, England.


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Mr. Shahid Mehmood Umerani

Director

Mr. Shahid Umerani is currently the Chairman of ValuStrat Consulting Group with the head office in Dubai Silicon Oasis, Dubai and other offices in Riyadh, Jeddah, Doha (ValuStrat LLC), Karachi (ValuStrat (Pvt) Ltd) and London (ValuStrat (UK) Limited and Capital Chartered). The company is a boutique consulting firm with multiple lines providing fixed asset valuation services, strategy and management consulting, due diligence and field verification services, project management and monitoring & research and corporate advisory.

The company extends services to the financial sector including government entities, numerous banks, insurance companies, corporate sector including MNCs, regional and local companies, oil & gas sectors and so on.

Mr. Umerani has been successfully providing services since 1985.


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Sheikh Muhammad Abdullah

Director

Sheikh Muhammad Abdullah is the nominee Director of Soorty Enterprises (Pvt.) Limited and joined the Board of Pakistan Oxygen Limited on 7 January 2018. He is a Fellow member of the Institute of Chartered Accountants of Pakistan and possesses 21 years of post-qualification experience of working at senior finance positions.

He is currently working as VP Finance & Corporate in Soorty Enterprises (Private) Limited at Group level. He is also serving as Company Secretary in Group's wind power project, NASDA Green Energy (Pvt.) Ltd. He has diversified experience of working in Finance positions in both listed and non-listed companies including manufacturing as well as service sectors.

He served at Quetta Textile Mills Limited as Head of Finance and Corporate Affairs, JS Group Companies as AVP and CFO and Group GM Finance in automobile sector. He is experienced both in national and international corporate laws, taxes, compliance and project implementations.


Mohammad Iqbal Puri

Mr. Mohammad Iqbal Puri (Appointed wef 26.10.22)

Director

Mr. Mohammad Purl is a seasoned business professional, with a diversified experience, spanning over more than a decade.

During his professional career, he has worked with various diversified ventures globally, in different capacities in the field of strategic planning and restructuring of business operations. His area of expertise includes trading of energy products, management consultancy, engineering, oil & gas infrastructure investments and real estate.

He holds a bachelor's degree in international business from the London Metropolitan University.


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Mr. Feroz Rizvi

Independent Director

Mr. Feroz Rizvi is a Chartered Accountant, having qualified from Institute of Chartered Accountants in England & Wales. He has over 43 years of local & international experience in some of the largest companies in the world.

On returning to Pakistan post qualification, he joined ICI Pakistan Ltd, a subsidiary of ICI PLC, one of the largest chemical companies in the world. He left ICI Pakistan Ltd in 1985 and after five years with Petromin Refinery Riyadh, KSA, he re-joined ICI Pakistan. In 1996 he was seconded to ICI PLC's headquarters in London. During his secondment, he was involved in ICI PLC's strategic shift from industrial to consumer & effect chemicals, leading to a major acquisition of four chemical companies from Unilever PLC for USD 8 bln, as part of the group's major strategic priority. In addition, he was also responsible for a number of divestments of ICI PLC's major industrial chemical businesses in accord with the group's strategic move. He retired from ICI Pakistan Ltd as CFO & Finance Director. He has also been CEO of Pakistan Institute of Corporate Governance.

Mr. Rizvi has extensive experience in corporate & financial strategy, taxation, corporate governance, restructuring and mergers & acquisitions. He is on the Boards of Engro Polymer & Chemicals Ltd and Al Meezan Investment Management Ltd, beside being a nominee of the Federal Government on the Council of the Institute of Chartered Accountants of Pakistan. He is an alumni of INSEAD France and Wharton Business School and lectures on corporate governance, business strategy and related areas to Board members and other senior executives.


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Mr. Muhammad Zindah Moin Mohajir

Independent Director

Business experience of Mr. M. Z. Moin Mohajir spans over 41 years. After qualifying as a Chartered Accountant with A.F. Ferguson & Co, he joined Pakistan Security Printing Corporation in 1978, where he was Chief Accountant/ Company Secretary. In 1981, he shifted to Sanofi-Aventis Pakistan Limited (formerly Hoechst Marion Roussel Limited/ Hoechst Pakistan Limited) from where he retired as Director Finance and Administration in October 2011.

He joined the Overseas Investors Chamber of Commerce and Industry (OICCI) in October 2011 and retired from OICCI in October 2021 as Deputy Secretary-General. He serves as the Independent Member of the Board of Directors of GSK Consumer Healthcare Pakistan Limited, Wyeth Pakistan Limited and Loads Limited. He also serves as Chairman of GSK Consumer Healthcare Pakistan Limited.

Mr. Mohajir joined the Board of Pakistan Oxygen Limited on 7 January 2018.


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Ms. Tushna D Kandawalla

Independent Director

Ms. Tushna Kandawalla currently holds the position of Managing Director at Captain PQ Chemical Industries (Private) Limited (CPQ). Prior to this she served in the Financial Planning & Strategy Group at Home Box Office (HBO) in New York, and in Arthur Andersen's Audit Practice in Boston. Since joining CPQ in 2004, Ms. Kandawalla has had multi-functional experience in Financial Planning, Strategy, Marketing, Plant Operations, Human Resources and also as the company's CFO.

Community service has always been a passion - she currently serves as a Trustee of The Noorani Foundation, Trustee of The Captain Foundation, Vice President of iCare America Fund and Trustee of the Kandawalla Trust. Previously she has served as Chairperson Friends of LRBT (New York), Chairperson Pakistan Human Development Fund Committee (New York), Area Chair (Pakistan) for Brown University Alumni Schools Committee and Member of the Advisory Board of T2F (Peace Niche).

Ms. Tushna Kandawalla has a B.A. in Economics from Brown University, an M.B.A from Boston University and is a qualified Certified Public Accountant (C.P.A).


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Mr. Mohammad Younus Dagha

Independent Director

Mr. Mohammad Younus Dagha, retired as a Mr. Mohammad Younus Dagha, retired as a career Civil Servant, having joined Pakistan Administrative Service in 1985. He possesses varied experience in the fields of Energy, Finance, Commerce, Trade Diplomacy and Public Administration. He holds graduate and post graduate degrees in Business Administration, Economics, Law and Commerce equipping him with the required academic background to manage multifaceted assignments in his career.

During his career spanning over 34 years, he successfully handled many challenging assignments from being an Administrator at various tiers in the Provinces of Sindh, Khyber Pakhtunkhwa and Gilgit-Baltistan to Project Director in mega projects. As Secretary Coal & Energy and Secretary Investment GoSindh and later as Federal Secretary Water & Power, he played pivotal role in bringing investment in Thar Coalfield, Wind corridor and other areas which helped overcome power shortages.

During his tenure as Secretary Commerce, exports registered growth of 14% in 2017-18, an exception in the recent past.

Mr. Dagha became Finance Secretary in March 2019 and opted for early retirement in October 2019. He is presently Chairman of the Policy Advisory Board of FPCCI.


Syed Ali Adnan

Chief Financial Officer

Mazhar Iqbal

Company Secretary

Board
Audit Committee

Mr. Feroz Rizvi
Chairman
Independent Director
Muhammad Zindah Moin Mohajir
Member
Independent Director
Sheikh Muhammad Abdullah
Member
Non-Executive Director
Mr. Shahid Abdul Sattar (Resigned wef 25.10.22)
Member
Non-Executive Director
Mr. Mohammad Iqbal Puri (Appointed wef 26.10.22)
Member
Non-Executive Director
Mr. Mazhar Iqbal
Secretary
Head of Human Resources & Admin, Company Secretary & Financial Controller

Board Human Resource, Remuneration and Nomination Committee

Muhammad Zindah Moin Mohajir
Chairman
Independent Director
Syed Hassan Ali Bukhari
Member
Non-Executive Director
Mr. Shahid Mehmood Umerani
Member
Non-Executive Director
Ms. Tushna D Kandawalla
Member
Independent Director
Mazhar Iqbal
Secretary
Head of Human Resources & Admin, Company Secretary & Financial Controller

Board
Strategy Committee

Mr. Waqar Ahmed Malik
Chairman
Non-Executive Director
Mr. Matin Amjad
Member
Chief Executive Officer
Mr. Siraj Ahmed Dadabhoy
Member
Non-Executive Director
Mr. Shahid Mehmood Umerani
Member
Non-Executive Director
Mr. Mohammad Younus Dagha
Member
Independent Director
Syed Ali Adnan
Secretary
Chief Financial Officer

Board
Share Transfer Committee

Mr. Muhammad Zindah Moin Mohajir
Chairman
Independent Director
Mr. Matin Amjad
Member
Chief Executive officer
Mr. Wakil Ahmed Khan
Secretary
Manager – Corporate Services