Abdul Samad Dawood Appointed CEO of Engro Holdings Limited

Karachi:The Board of Directors (BoD) ofEngro Holdings Limited, one of Pakistan’s largest conglomerates, has appointed Abdul Samad Dawood as the Chief Executive Officer (CEO) of the company. The announcement was made via a notice to the Pakistan Stock Exchange (PSX) on Monday. The BoD approved the appointment during its meeting on January 3, 2025. Abdul Samad Dawood succeeds Mohammad Shamoon Chaudry, whose contributions as CEO were acknowledged and appreciated by the Board. “The Board records its sincere appreciation for the invaluable contributions made by Mohammad Shamoon Chaudry during his tenure as CEO,” stated the notice. Abdul Samad Dawood is a seasoned executive with over 20 years of experience in management and corporate governance. Currently, he serves as the Vice Chair of the Board of Dawood Hercules Corporation, the investment arm of the Dawood Group. Dawood is an economics graduate from University College London, UK, and holds a certification in corporate governance from thePakistan Instituteof Corporate Governance. He has played a pivotal role in several high-profile mergers and acquisitions (M&A) within the Dawood Group, including: He has also served as the Chair of the Board of FrieslandCampinaEngro Pakistan. In addition to his executive roles, Dawood is an active director on the boards of several organizations, including: Dawood has also held CEO positions at Dawood Hercules Corporation Ltd and Cyan Ltd and is an active member of the Young Presidents’ Organization (YPO). His appointment as CEO marks a new chapter for Engro Holdings Limited as it aims to strengthen its position in Pakistan’s business landscape under his leadership.