Karachi: Hascol Petroleum Limited has announced the appointment of Mr. Javed Ahmedjee as the company's new Chief Executive Officer, effective May 5, 2025. This decision has been made in line 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 extensive experience in business transformation across a variety of sectors including energy, banking, pharmaceuticals, healthcare, education, and capital markets. His professional journey encompasses significant leadership roles in Pakistan, Africa, and Europe, including positions in Fortune 500 companies and regional enterprises.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Ahmedjee has a noteworthy track record of launching, scaling, and turning around businesses. He played a crucial role in Pakistan's largest pharmaceutical merger and has executed complex mergers and acquisitions in emerging markets. His leadership in transforming Puma Energy into a commercially viable and future-ready company stands out as a significant achievement.

Mr. Ahmedjee is a Fellow of the Institute of Chartered Accountants of Pakistan and has served in advisory roles to institutions such as Citibank, GSK, Puma Energy, Shajar Capital, and Karachi Port Trust. His expertise focuses on strategic oversight, governance, and fostering entrepreneurial growth.

Hascol Petroleum Limited considers Mr. Ahmedjee’s appointment as a pivotal step for the company's future. The company expressed confidence in the experience and leadership skills he brings to the Board. The Board, with the support of its shareholders, remains committed to ensuring sound governance and effective leadership for the company’s continued success.