Karachi, January 3, 2025: The Board of Directors (BoD) of Engro Holdings Limited, one of Pakistan’s largest conglomerates, has officially appointed Abdul Samad Dawood as the Chief Executive Officer (CEO) of the company. The announcement was made through a notice to the Pakistan Stock Exchange (PSX) on Monday.
The decision was confirmed during the BoD meeting held on the same day. Abdul Samad Dawood will succeed Mohammad Shamoon Chaudry, whose tenure as CEO was highly valued by the Board. The Board expressed its sincere gratitude for Chaudry’s significant contributions, highlighting the progress made under his leadership.
“The Board records its sincere appreciation for the invaluable contributions made by Mohammad Shamoon Chaudry during his tenure as CEO.” The Board of Directors Stated
About Abdul Samad Dawood
Abdul Samad Dawood brings over two decades of experience in management and corporate governance to his new role. He currently 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 the Pakistan Institute of Corporate Governance. His career is marked by significant achievements in high-profile mergers and acquisitions (M&A) within the Dawood Group, including:
- Acquisition of HUBCO from National Power International Holdings in 2012.
- Sale of DH Fertilizers to Fatima Fertilizer Company in 2015.
- Merger of Engro Foods with global dairy leader Royal FrieslandCampina.
He has also served as the Chair of the Board of FrieslandCampina Engro Pakistan.
Additional Roles and Contributions
Dawood is actively involved on the boards of several prominent organizations, including:
- Pakistan Business Council (PBC)
- The Dawood Foundation
- Karachi School of Business and Leadership (KSBL)
- Cyan Ltd
- Dawood Lawrencepur Ltd
- Reon (Pvt) Ltd
Furthermore, he has held CEO positions at Dawood Hercules Corporation Ltd and Cyan Ltd. His membership in the Young Presidents’ Organization (YPO) underscores his commitment to leadership excellence.
A New Era for Engro Holdings Limited
Abdul Samad Dawood’s appointment as CEO signals a new chapter for Engro Holdings Limited. With his extensive experience and strategic vision, Dawood is expected to drive the company towards strengthening its position in Pakistan’s business landscape. His leadership aims to foster growth, innovation, and continued success for the conglomerate.
Engro Holdings Limited and its stakeholders look forward to a dynamic future under Dawood’s guidance.
