Board of Directors

Waqar Ahmed Malik

Mr. Waqar Ahmed Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Mr. Malik is a fellow of the Institute of Chartered Accountants in England and Wales and is also an alumnus of the Harvard Business School and INSEAD.

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.

Presently, he is serving as Chairman on the Boards of following Fauji Group Companies:

  • Mari Petroleum Company Limited
  • Fauji Fertilizer Company Limited
  • FFC Energy Limited
  • Fauji Fresh n Freeze Limited
  • Fauji Cement Company Limited
  • Askari Cement Limited
  • Askari Bank Limited
  • Fauji Akbar Portia Marine Terminal Limited
  • Fauji Trans Terminal Limited
  • Fauji Oil Terminal and Distribution Company Limited
  • Fauji Infraavest Foods Limited
  • Foundation Wind Energy-I & II Limited
  • Foundation Power Company Dahrki Limited
  • Fauji Kabir Wala Power Company Limited
  • Fauji Fertilizer Bin Qasim Limited
  • FFBL Power Company Limited
  • Foundation Solar Energy (Private) Limited
  • Daharki Power Holdings Limited

  • He is also Chairman of Pakistan Oxygen Limited (formally Linde Pakistan, a subsidiary of Linde AG) acquired by Adira Capital Holdings (Private) that he co-founded.

    Earlier, Mr. Malik also served on the following boards:

  • PPL – Chairman (Non-Executive & Independent)
  • Engro Corporation Limited – Director (Non-Executive & Independent)
  • Standard Chartered Bank Pakistan Limited – Director (Non-Executive & Independent)
  • Engro Polymer and Chemicals Limited – Director (Non-Executive & Independent)
  • TPL Insurance Limited – Director (Non-Executive)

  • He has been playing an instrumental role in development of Pakistan’s Regulatory System as well as for the advocacy to undertake economic reforms. Few of his other engagements have been:

  • Director – State Bank of Pakistan
  • President – Overseas Chamber of Commerce & Industry (OICCI)
  • President – Management Association of Pakistan (MAP)
  • Director – Pakistan Business Council (PBC)

  • Mr. Malik was a member of the visiting faculty of Pakistan Institute of Corporate Governance, Former Member of Board of Governors of Lahore University of Management Science (LUMS) and Former Member of Board of Indus Valley School of Arts. He participates actively in social and philanthropic activities through I – Care Foundation, as a Trustee, he contributes to improve the quality of life of underprivileged by enhancing the level of philanthropic support. A trustee of Duke of Edinburgh Trust Pakistan, he was awarded Prince of Wales Medal as a Trustee of the Prince of Wales Pakistan Recovery for the Flood Victims in 2010

    Dr. Nadeem Inayat

    Dr Nadeem Inayat holds Doctorate in Economics and has over 35 years of diversified domestic as well as international experience in the financial sector. He has vast experience in corporate governance, policy formulation, project appraisal, implementation, monitoring, evaluation and restructuring. Besides being Senior Director Strategy and (M&A) Fauji Foundation he is on the Boards of following entities: Public Listed Companies: 1. Fauji Fertilizer Company Ltd. 2. Fauji Fertilizer Bin Qasim Ltd. 3. Askari Bank Ltd. 4. Mari Petroleum Company Ltd. 5. Fauji Foods Limited (formally Noon Pakistan Ltd). 6. Hub Power Company Limited Non-Listed Companies 7. Pakistan Maroc Phosphore, S.A Morocco 8. Fauji Oil Terminal & Distribution Company Ltd. 9. Fauji Trans Terminal Ltd. 10. FFBL Power Company Limited (FPCL). 11. Fauji Meat Limited (FML) . 12. FFBL Food Ltd. 13. Fauji Akbar Portia (FAP)

    Syed Bakhtiyar Kazmi

    Mr Kazmi is a fellow chartered accountant with over 35 years of experience in a diverse range of sectoral and functional strata within national and regional economies. The key areas of his specialization are fiscal policy and macroeconomic research, greenfield and brownfield projects, strategic collaborations, mergers and acquisitions, outliers in accounting and finance, strategic level audit and assurance and tax reforms and strategic level advisory.

    Mr Kazmi served KPMG for 35 years; last 25 years as a partner. As a partner he interacted with the leadership in almost every industry, understanding their vision, their insights, and most importantly on their business strategies. His rigorous exposure to a diverse range of sectors and projects, enabled him to conceive and culminate strategic value additions for his clients, pertaining to public and private sector organizations. He successfully implemented a comprehensive service delivery framework that ensures quality assured service provision to KPMG’s clients, and a cross-functional integration with the advisory and taxation services that allowed a robust and comprehensive service delivery package to the clients.

    As an auditor and an advisor, Mr Kazmi successfully delivered his promise of providing best-in-class and integrity driven services. With his career progression, he branched into macroeconomic research with a focus on contributing towards fiscal and regulatory policies of Pakistan. He almost single handedly established advisory practice of KPMG in Islamabad about 2 decades ago which today arguably is the go to advisory in Islamabad. This initiative covered financial projections, feasibilities, information memorandums, internal audit assessments, HR assessments, manuals for processes and controls, valuations, and development advisory which included an assessment of the Punjab and Sindh governments.

    Mr. Bakhtiyar Kazmi has served on a number of diverse forums / boards in the Private Sector, Public Sector & Civil Society Organization. As a thinker, he actively spreads his thoughts and ideas through his articles on national economics, business and taxation mattes and issues, regularly published in reputable dailies. Mr Kazmi is an avid golfer and currently hold the position of captain of Islamabad golf club.

    Maj Gen Tariq Qaddus, HI(M), (Retd).

    Brigadier Aamir Hussain Mirza, SI(M), (Retd)

    Brigadier Aamir Hussain Mirza SI(M), (Retd) is the Company Secretary of FFBL since Dec 2019. He is a graduate of Command and Staff College, Quetta, National Defence University, Islamabad and Nasser Higher Military Academy Cairo. He is also a certified director from Pakistan Institute of Corporate Governance. He had a distinguished career of over 31 years in Pakistan Army. During his service, he served on various Command, Staff and Instructional appointments which include Chief of Staff, National Defence University, Director Doctrine and Evaluation Directorate GHQ, Commander of an Air Defence Brigade, Deputy Senior National Representative in CENTCOM, FL USA, UN mission Somalia etc.

    Usman Qayyum

    Mr. Usman Qayyum is currently the Country Lead for Cargill in Pakistan. He is also the Chief Executive Officer of Cargill Pakistan Holdings (Pvt.) Limited and Cargill Agri Foods (Pvt.) Limited.

    Mr. Usman holds a Batchelor’s degree in Electrical Engineering and MBA in Marketing. He has more than 28 years of industry experience working for number of national and multinational companies in Pakistan. He has also served as Chief Executive Officer of Rafhan Maize Products Co. Ltd (an affiliate of Ingredion Inc. USA), where he successfully led the business to double its revenues and profits between 2015 and 2022. Prior to that he has held various functional and business leadership roles in companies such as Mondelez, Ulker, Haleeb Foods and Millac.

    His experience has been extremely diverse. He worked in brands, sales and distribution management in FMCG sector followed by managing supply chain and factory operations. He has also worked across various sectors including dairy, food and beverage consumer goods, food/non-food ingredient solutions and agri-based products and commodities. He carries a deep insight, knowledge and experience into end-to-end value chain and dynamics of broad-based agriculture space and downstream food, industrial and animal nutrition markets.

    Mr. Usman Qayyum is also currently the director on the board of Cargill Pakistan Holdings (Pvt.) Limited and Cargill Agri Foods (Pvt.) Limited. Earlier he remained director on the boards of Rafhan Maize Products Co. Ltd, Millac Pakistan (Pvt) Limited and Cadbury Pakistan Limited (Mondelez Pakistan).

    Muhammad Salman

    Mr. Muhammad Salman is currently leading growth initiatives in South and Southeast Asia region at Cargill. As Business Development Manager, he is responsible for driving growth, expanding market presence, and forging strategic partnerships by leveraging market insights to advance Cargill strategic objectives. Before Joining Cargill, Mr. Salman served Maxim Holding (BV) for 14 years, where he established ruminant and aqua nutrition businesses across diverse markets. He was responsible for building businesses from ground up in Pakistan, Sri Lanka and Kenya. During his time at Maxim, he successfully negotiated exclusive contracts to partner with Global leaders in Animal Nutrition & Genetics to bring best-in-the-class products to Farmers across Pakistan and Kenya. He embarked on his professional journey 22 years ago in the field of international sales, serving customers across United States and European Union.

    His early career provided him with solid foundation in cross-cultural communication and relationship building. Mr. Salman holds Finance and Banking Degree from Lahore School of Economics and MSc Management from UWIC, UK

    Ghouse Akbar

    Mr. Ghouse Akbar is a business leader in Pakistan who is chairman & CEO of Akbar Group of Companies. He is also Member Board of Investment and Chairman - Chief Minister's Task Force on Lahore. He is also the Honorary Consul of Spain and Chief Executive of Princely Jets Pvt. Ltd. Mr. Ghouse Akbar has successfully introduced various international brands in Pakistan including McDonald's, Nike, Princeton Review, UPS and Amadeus. He also owns GSA's of several major International Airlines in Pakistan including Singapore Airlines, Japan Airlines and Austrian Airlines. He also received the Sitara-e-Imtiaz from Pakistan's President Musharraf in 2004 for being the highest tax payer, the most prestigious honor that can be bestowed on a civilian and a Sitara-e-Essar in 2006. He is a graduate in Economics and Political Science from Brown University, USA with a Master’s Degree in Business Administration from INSEAD.

    Nadir Shah

    Mr. Syed Nadir Shah has been involved in an advisory capacity on multiple ventures with established business houses of Pakistan. His background is diverse and covers equities, commodities and infrastructure development. Presently Mr. Shah is currently serving as a Director of PIL, Asia Petroleum Limited & TPL Direct Insurance. Mr. Shah is a graduate in Economics & Finance from the University of Massachusetts at Amherst.

    Farid Malik, CFA

    Mr. Farid Malik has over 25 years of diversified experience and has worked on a number of infrastructure development, project finance, corporate finance, capital markets regulatory administrative and operational assignments both in Pakistan and abroad. He is a CFA charter-holder and a graduate of the London School of Economics.

    Mr. Malik has served as the Chief Executive Officer/ Managing Director of LSE Financial Services Limited (formerly Lahore Stock Exchange Limited) and has also worked with Tomen Power (Singapore) Pte. Limited and The Securities and Exchange Commission of Pakistan. During his various assignments, he has had extensive exposure to green-field project based equity investments, limited recourse debt financing facilities, cross border project financing facilities including export credit agencies and multilateral lending agencies financing facilities, risk allocation & management techniques including hedging through derivative instruments, due diligence methodologies, portfolio management, equity and fixed income valuations, financial analysis, asset securitization and capital market operations and regulations.

    He is currently also on the Board of National Bank of Pakistan and has also served on the Board of Central Depository Company of Pakistan Limited and National Clearing Company of Pakistan Limited. He is a Certified Director from Pakistan Institute of Corporate Governance.

    Mr. Malik has also previously served on the Boards of the Privatization Commission, the Gujranwala Electric Power Company Limited and the Pakistan Credit Rating Agency Limited. He has also attended a large number of international and local management courses, seminars and workshops conducted by world renowned providers.