Hascol Petroleum Limited has appointed Mr. Javed Ahmedjee as its new Chief Executive Officer, effective immediately, signaling a strategic shift aimed at driving transformation and growth for the company.
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The appointment was formally disclosed to the Pakistan Stock Exchange (PSX) today in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book.
Mr. Ahmedjee brings over 30 years of leadership experience across various sectors, including energy, banking, pharmaceuticals, healthcare, education, and capital markets. His career spans key positions in Pakistan, Africa, and Europe, working with both Fortune 500 companies and regional firms.
He is particularly noted for his leadership at Puma Energy, where he led a major turnaround, transforming the company into a commercially viable and forward-looking enterprise. He has also played leading roles in complex mergers and acquisitions in emerging markets, including Pakistan’s largest pharmaceutical merger.
A Fellow Chartered Accountant from the Institute of Chartered Accountants of Pakistan, Mr. Ahmedjee has served on the boards of prominent institutions such as Citibank, GSK, Shajar Capital, Karachi Port Trust, and Puma Energy.
Welcoming the appointment, Hascol’s Board of Directors described it as a pivotal moment for the company. “With his deep strategic insight, entrepreneurial drive, and proven ability to lead transformation, we are confident that Mr. Ahmedjee will play a vital role in Hascol’s resurgence,” the board stated.
Looking ahead, the company reaffirmed its commitment to sound governance and effective leadership, with Mr. Ahmedjee at the helm to restore shareholder confidence and reinforce its market position.
