Fauji Foundation appoints a civilian as CEO and MD

[StormBreaker]

The Fauji Foundation has appointed renowned corporate figure Waqar Ahmed Malik as its new Managing Director and Chief Executive Officer.

The announcement has recently been made through a notification issued by the foundation.

Spanning over 30 years in corporate and business sectors across three continents, Malik has specialty 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.

Malik’s career began with the ICI group based in the United Kingdom 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, Malik served as the Chief Executive Officer of ICI Pakistan and also the CEO and Chairman of Lotte Pakistan (formerly Pakistan PTA Limited).

He moved on from ICI Pakistan in December 2012 post divestment of majority shareholding of the foreign sponsor in ICI Pakistan to a local group. Malik also has vast experience in managing functional teams as well as leading large and complex manufacturing based operations.

Malik also 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, director ENGRO Corp, Engro Polymer Chemicals, independent non-executive director Standard Chartered Bank, non-executive chairman Pakistan Oxygen, non-executive director TPL Insurance, TPL direct insurance, and Chairman Noesis.

Source : https://profit.pakistantoday.com.pk/2020/04/09/fauji-foundation-appoints-waqar-ahmed-malik-as-md

 

[StormBreaker]

Just in time, What a coincidence, I was about to ask some things about Fauji Foundation here and saw this news, thought to post it along with my questions.

Is Fauji Foundation Military owned ?
If yes, Then Do the Military laws apply on it or the normal civil judiciary laws ?

 

[Haris Ali2140]

Just in time, What a coincidence, I was about to ask some things about Fauji Foundation here and saw this news, thought to post it along with my questions.

Is Fauji Foundation Military owned ?
If yes, Then Do the Military laws apply on it or the normal civil judiciary laws ?

I think 40% share belongs to Military rest are owned by civilians.
@Bilal Khan (Quwa) Maybe they have heard you.

 

[StormBreaker]

I think 40% share belongs to Military rest are owned by civilians.
@Bilal Khan (Quwa) Maybe they have heard you.

Lol, What did Bilal say ?

 

[Haris Ali2140]

Lol, What did Bilal say ?

Bilal has been saying leave business to professionals.

 

[StormBreaker]

Bilal has been saying leave business to professionals.

How has been Fauji Foundation performing lately ?

 

[Haris Ali2140]

How has been Fauji Foundation performing lately ?

Good. Engro has been keeping them on toes.

 

[Bilal Khan (Quwa)]

This benefits the military. Leave these entities (including HIT, POF, KSEW, PAC, etc) in the hands of the experts (can be ex-military provided they got the expertise, e.g., the PhDs in PAF), and the RoI will be much, much bigger.

I'd happily cut bigger cheques for generals if it means we see our own equivalents to TAI, Aselsan, Havelsan, etc.

 

[StormBreaker]

This benefits the military. Leave these entities (including HIT, POF, KSEW, PAC, etc) in the hands of the experts (can be ex-military provided they got the expertise, e.g., the PhDs in PAF), and the RoI will be much, much bigger.

I'd happily cut bigger cheques for generals if it means we see our own equivalents to TAI, Aselsan, Havelsan, etc.

Ye post bhi koi General agar parhle to kia hoga

 

[PAR 5]

Qualified Civilians can run ALL military corporate organizations far better and more efficiently than the Generals whose only qualification is command and rank.

 

[The Accountant]

Just in time, What a coincidence, I was about to ask some things about Fauji Foundation here and saw this news, thought to post it along with my questions.

Is Fauji Foundation Military owned ?
If yes, Then Do the Military laws apply on it or the normal civil judiciary laws ?

Its a corporate organization where majority shareholding and accordingly right to elect management is with Fauji foundation (a trust formed by Pakistan army for welfare fund management of armed officer)

No laws of miltary apply on fauji foundation however it has a lot of incluence as it is run by retired officers

This benefits the military. Leave these entities (including HIT, POF, KSEW, PAC, etc) in the hands of the experts (can be ex-military provided they got the expertise, e.g., the PhDs in PAF), and the RoI will be much, much bigger.

I'd happily cut bigger cheques for generals if it means we see our own equivalents to TAI, Aselsan, Havelsan, etc.

I disagree. Management is a highly technical and specialized job. Army people might be good in manufavturing and even in desogning the products. So they should be important part and should head the technical departments. But management should be done by management professionals.

Only then we have a chance to besome aselan or TAI.

Lets not segregate it base on civilian military devide but based on the relative expertise.

A military officer can be a very good administrator but cant be a good CEO. A CEOs job is to jave a vision to take risk to grow however military officers are trained to be dicplined and follow orders and rules. Due to the very nature of miltary they are not creative or innovative and thats why they cannot take an organization to a level where it can grow above a certain level.