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Managing Director and CEO


Waqar Ahmed Malik
MD & CEO Fauji Foundation

A fellow member of the Institute of Chartered Accountants of England & Wales (ICAEW) and is also an alumnus of the Harvard Business School (HBS) and INSEAD. Outside work, he is keen on art and horticulture. His career spans more than three decades in both the global and Pakistani business arenas. He specializes in transformation and turnaround along with a keen understanding of governance.

Earlier, his career with The ICI Plc Group based in the UK spanned over 27 years and then later with Akzo Nobel N.V. based in The Netherlands.

For around 10 years, he served as the Chief Executive Officer of ICI Pakistan Limited and also the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and AkzoNobel, he worked in Europe and Americas in Corporate Finance and Strategy Departments. His expertise extends across diverse industries including chemicals, petrochemicals, consumer goods, life sciences, fertilizer, E&P, and cement.
Earlier, he served with the British giant then ICI Plc UK Ltd for 28 years in various roles including in Pakistan, the UK, the Americas & Europe. His last role with them was CEO of ICI Pakistan Ltd from 2005 to 2012.
He participates actively in social and philanthropic activities through I–Care Foundation, as a Trustee, where he contributes to improving the quality of life of the underprivileged by enhancing the level of philanthropic support.
He is a recipient of Sitara-e-Imtiaz given by The President of The Islamic Republic of Pakistan for his contribution towards the economy, public service, and social welfare in Pakistan and the British Asian Trust Award by Prince Charles (Now HM King Charles III).

He is currently serving as a Non-Executive Director on the Boards of following entities:

Public Listed Companies

  • • Mari Petroleum Company Ltd - Director & Chairman
  • • Fauji Fertilizer Company Ltd - Director & Chairman
  • • Fauji Cement Company Ltd - Director & Chairman
  • • Askari Bank Ltd - Director & Chairman
  • • Fauji Fertilizer Bin Qasim Ltd - Director & Chairman
  • • Fauji Foods Ltd - Director & Chairman
  • • Pakistan Oxygen Ltd - Director & Chairman

Non-Listed Companies & Institutions

  • • Fauji Fresh n Freeze Ltd - Director & Chairman
  • • Fauji Akbar Portia Marine Terminals Ltd - Director & Chairman
  • • Fauji Trans Terminal Ltd - Director & Chairman
  • • Fauji Oil Terminal & Distribution Company Ltd - Director & Chairman
  • • Fauji Infraavest Foods Ltd - Director & Chairman
  • • FFBL Power Company Ltd - Director & Chairman
  • • Foundation Power Company Daharki Ltd - Director & Chairman
  • • Fauji Kabirwala Power Company Ltd - Director & Chairman
  • • Daharki Power Holding Ltd - Director & Chairman
  • • Pakistan Maroc Phosphore SA - Director
  • • FonGrow (Pvt) Ltd - Director & Chairman
  • • Fauji Meat Ltd - Director & Chairman
  • • Foundation Solar Energy (Pvt) Ltd - Director & Chairman
  • • Foundation Solar Energy (Pvt) Ltd - Director & Chairman
  • • Foundation Solar Energy (Pvt) Ltd - Director & Chairman

Earlier, he served on various boards of prominent organizations:

  • • Member of the Board of Governors, Lahore University of Management Sciences
  • • Director, Pakistan Business Council
  • • President, Overseas Chamber of Commerce & Industry
  • • Director, State Bank of Pakistan
  • • Director, Standard Chartered Bank (Pak) Ltd
  • • Director, Engro Corporation Ltd
  • • Chairman, Pakistan Petroleum Ltd
  • • Director, Engro Polymer and Chemicals Ltd
  • • Director, Engro Polymer and Chemicals Ltd
  • • Director, Rafhan Maize Ltd

About

The Foundation University Islamabad (FUI), a project of Fauji Foundation was established under a federal charter in October 2002. The University's programmes of study have been duly accredited by Higher Education Commission (HEC), National Computing Education Accreditation Council (NCEAC), Pakistan Engineering Council (PEC), College of Physicians and Surgeons of Pakistan (CPSP) and Pakistan Medical and Dental Council (PM&DC).