Karachi: After an early retirement of Asad Umer, Muhammad Aliuddin Ansari has assumed the charge as CEO of the Engro Corporation.

According to The News Tribe correspondent, Ansari is the CEO of Dewan Drilling, Pakistan’s first independent Oil & Gas drilling Company. Mr. Ansari started his career as an Investment Manager at WorldInvest/Bank of America in London and has also served as the CEO of AKD Securities and COO, Emerging Europe for Credit Lyonnais Securities.

He is also on the Board of National Clearing Company of Pakistan, Sindh Engro Coal Mining Company (SECMC) and Dawood Hercules Corporation Limited. He joined the Board in 2009.

Asad had taken early retirement last week after more than 27 years with Engro. A graduate of IBA of the batch of 1984, Asad joined Exxon Chemical Pakistan in February 1985 and rose to the rank of President and CEO of Engro in 2004.

Umar had dramatically transformed a chemical company into a major Pakistani conglomerate.

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