And joins Pti 
Re: Engro chief resigns
Re: Engro chief resigns
Now he is Pak saf.
What a thread ,what a way to wash the past .
Re: Engro chief resigns
I agree with you completely he should be a good addition to pti :D
Re: Engro chief resigns
He should join Zordari Gailani Alliance to become real devil :cobra:
Zardarri Gailaani Bhai Bhai
Awam Tairi Shamat Aai
yah maira apna zati sher hay jo abhi abhi banaya hay 
Re: Engro chief resigns
Doodh (Olper) main dhula Chief 
Re: Engro chief resigns
Corporate titan: After 27 years at Engro, Asad Umar calls it a day – The Express Tribune
****KARACHI: **Corporate Pakistan lost one of its most admired CEOs on Monday, with Asad Umar taking an early retirement from the Engro Corporation, amidst rumours that he might be closing out a highly successful business career to begin a political one.
**
Umar himself refused to comment on what he would do next. “I do not want to address the speculation at this time. You will hear within the next two to three days what I will be doing next,” he told The Express Tribune. The market however did react to news of his departure and the stock price went up 5% within minutes of the announcement.
His departure, meanwhile, raises the question of who will replace him at the helm of one of the largest and most respected companies in the country. In an internal e-mail circulated to employees, Engro’s chairman and largest shareholder Hussain Dawood did not offer specifics. “Asad’s successor will be announced in the near future,” he said. Dawood owns around 38% of the company.
While there were initially some rumours that indicated that Umar may have left after disagreements with the board, sources close to Engro’s board say that the decision was purely motivated by Umar’s personal desire to move on to other interests.
His tenure at Engro has certainly been a remarkably successful one. When Umar took over as President and CEO of the company in January 2004, Engro was largely just a fertiliser manufacturer with a small petrochemical subsidiary. Under his leadership, however, the company turned into a diversified industrial conglomerate, with interests ranging from fertilizers, foods, petrochemicals, chemical storage, energy and commodity trading.
Small wonder, then, that Dawood was effusive in his praise of Umar when announcing the departure to the company’s employees, noting that under his leadership, Engro’s revenues had grown from just Rs13 billion in 2004 to Rs114 billion in 2011, growing at an annualised rate of nearly 36.4%. (Inflation during that time averaged 12.6% per year.)
**Even within the core fertiliser business, Umar took Engro from being a local player to a globally competitive one, leading the firm into the $1.1 billion project that set up the world’s largest single-train urea manufacturing plant in Pakistan.
**
Umar’s 27-year career at Engro began in 1985, when the company was still a subsidiary of ExxonMobil, the global oil giant. “I still remember the exact figure of my first salary: Rs8,170 per month. My boss at the time said ‘Well, frankly they are paying you too much.’” As CEO of Engro Corporation, Umar was paid Rs68.6 million for the year 2011, which comes to a monthly salary of Rs5.7 million.
In addition to his salary, Umar, 50, was also paid in stock and currently owns about 2 million shares of the company, with options to buy another 924,000, according to Engro’s latest available financial statements. At Monday’s closing price of Rs102.47 per share, that puts the value of Umar’s stocks and options at over Rs300 million.
Umar represents the growing class of executives trained by the country’s business schools who made it big by working their way up the corporate ladder rather than being born into privilege. Umar graduated from the Institute of Business Administration in Karachi in 1984, working for a short stint at HSBC Pakistan before moving to what was then Exxon Chemical Pakistan as a business analyst.
He was the only Pakistani employee of Exxon working abroad (in Canada) when the famous management buyout of Engro took place in 1991. Umar came back to Pakistan and in 1997 was appointed the first CEO of Engro Polymer & Chemicals, the group’s petrochemical arm.
When Umar became president of the company in 2004, he immediately made the company take a global perspective, becoming the first Pakistani private sector firm to hire the top (and expensive) US consulting firm McKinsey & Company to help create the Engro’s strategy. Engro changed its corporate structure as a result of that engagement and is now on a global expansion kick, buying out a US-based food company and considering expanding into the fertiliser business in North Africa to supply the European market.
**Possible political aspirations
**
Umar is long rumoured to have harboured political aspirations. In 2007, he appeared as a contestant on the DawnNews game show “Enter the PM”, which was a mock selection of a new prime minister shortly before the 2008 general elections. Umar emerged the winner in that contest.
In recent months, the blogosphere has been increasingly vocal about Umar’s political leanings, which he hinted at strongly by participating in the Pakistan Tehreek-e-Insaaf’s “Professionals Forum”. Indeed, his political leanings have been rumoured to have had a negative impact on Engro’s relations with the current administration, led by the rival Pakistan Peoples Party.
So strong is this market perception that Engro’s stock hit the upper circuit breaker of 5% as soon as the news was revealed that Umar would be leaving the company. “People think that Engro has not been getting gas for its new fertiliser plant because he has bad relations with the government,” said one portfolio manager based in Karachi.
Published in The Express Tribune, April 17[SUP]th[/SUP], 2012.
Re: Engro chief resigns
Kya Karain ab pasha cleaning factory Jo Nahin rahi 
Re: Engro chief resigns
In case of pti victory in the next elections could this guy be the prime minister (considering of course that he has joined pti)?
Re: Engro chief resigns
After next election there will be many PTIs new comer will go out and you could see 4-5 PTIs instead of two .
Ik will have only two option .Join Zardari or go back to UK .
(*h **not required in present circumstances)
In case one we will see one here saying
Imran Zardari Bhai Bhai
.......................................
In other case it is long journey from Australia to UK to take further advice .
This man is successful so perhaps required for administration of very big job.
**Charity money *
great .
Re: Engro chief resigns
He is one of the most respected person in corporate of Pakistan. Hats off to him for making ENGRO one of the finest corporation of Pakistan.
Re: Engro chief resigns
Not prime minster, but probably minster of finance, business, trade, commerce, industry, or economy. 
Why would he become prime minister, when his services could be put to much better use in the business sector of the government.
Re: Engro chief resigns
Anything is possible, but the crisis in which the country is now a very very strong financial team will be required to get out of this quagmire.
Re: Engro chief resigns
There was some program a few years ago “Enter the Prime minister”, Asad Umar won the program. Watch after 3 minutes!
Re: Engro chief resigns
Re: Engro chief resigns
I believe Asad Umar actually spoke at the recent TEDx** Pakistan** conference.
There should be a few videos on YouTube, I am sure.
Re: Engro chief resigns to join PTI?
Anyhow amongst all the people that have joined PTI until now this guy would be the best addition.
Re: Engro chief resigns to join PTI?
Someone is desperately waiting to call him a lota…
Re: Engro chief resigns to join PTI?
That he is. 
I am sure there are quite a few people like him in the party, but he is a great addition on the technical front.
Lota lota karda, main aap he lota hoya! 
Ameer Muqam and Marvi Memon, anyone?!
Re: Engro chief resigns
Now he is Pak saf. What a thread ,what a way to wash the past .
He did right decision and now better serve to nation under the defined guidelines of PTI.