Asad Umar, President Engro Corporation Takes Early Retirement

By Ali Ahmad · Monday, Apr 16, 2012 8 Comments

Asad Umar President and CEO of Engro Corporation has taken early retirement from his job after serving it more than twenty-seven years, it has been confirmed officially.

Asad Umar, President and CEO Engro Corporation

He is leaving Engro for pursuance of his own personal projects. His successor will be announced by the end of April and will assume the position during the month of May.

Umar joined Exxon Chemical Pakistan Limited in February 1985 as a Business Analyst. His career progressed through various assignments in different divisions of the company and he was appointed CEO of Engro Polymer & Chemicals in October 1997. In January 2004 he became the President and CEO of Engro Corporation (then known as Engro Chemical.)

Umar has not only provided leadership in the organization at various levels, but has also been an active contributor on various boards both inside and outside Engro.

In his eight years as President and CEO of Engro Corporation, he has dramatically transformed a chemical company into a major Pakistani conglomerate.

Umar is the Chairman of Pakistan Business Council, Pakistan Chemical & Energy Sector Skill Development Company and Punjab Skill Development Fund. He is a member of the Board of Directors of Engro Corporation Ltd., Karachi Education Initiative, State Bank of Pakistan and Dawood Hercules Corporation Limited, and Trustee of Lahore University of Management Sciences, famously known as LUMS.

He was awarded the Sitara-i-Imtiaz in 2010.

He has previously served as Director of Oil & Gas Development Company Ltd., Karachi Stock Exchange, Pakistan Centre for Philanthropy, Pakistan State Oil and Port Qasim Authority. He also served as Chairman of Young Presidents’ Organisation, Pakistan Chapter.