Engro Corporation Names Junaid Iqbal as Next President and CEO
Engro Holdings Limited has announced that the Board of Directors of Engro Corporation Limited has approved Junaid Iqbal as the … Read More The post Engro Corporation Names Junaid Iqbal as Next President and CEO appeared first on ProPakistani .
Engro Corporation has appointed Junaid Iqbal as the next President and CEO, following Ahsan Zafar Syed's term set to end in April 2027. Iqbal currently works as an Advisor to the CEO of Engro Holdings. The Board of Directors approved this succession plan, which underlines the company's next growth phase. Engro boasts strong industrial businesses, engineering, project development, execution, and governance capabilities that built its success over six decades.
Looking ahead, the company aims to leverage these strengths and create new growth platforms, generating long-term value and addressing economic needs. Iqbal's background aligns with this ambition, as he has successfully scaled and transformed businesses in technology, finance, and media across complex environments. At Careem, he managed the Pakistan and Saudi Arabia markets, serving as Managing Director and Global Head of Careem Pay.
Before that, as CEO of Elixir Securities, he contributed to privatization transactions, including HBL's $1 billion stake sale. Iqbal's expertise in platform building, capital allocation, and partnership development complements Engro's current strengths, ensuring sustainable long-term returns. The Board praised Syed for his contributions, stating he will continue to lead Engro Corporation post-succession.
During this transition, Iqbal will closely engage with Engro's businesses, understanding its operations and driving strategic priorities under Syed's mentorship.
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