Board of Directors

Sarfaraz, a chartered accountant by qualification, has contributed management expertise to several multinational companies such as Unilever, SB (GSK), Jardine Matheson / Olayan JV and PepsiCo during his varied career.

In 2005, Sarfaraz established Engro Foods as its CEO. The company grew from a green-field to become the leading liquid dairy company in Pakistan. Engro Foods became the only Pakistani company to receive the ‘G20 Top 15 Company’ award. In 2012, he took a sabbatical from Engro Foods to establish the Karachi School for Business and Leadership. Sarfaraz rejoined Engro Foods as CEO in 2013, where he remained till 2015. Engro Foods sold 50% of its shares to Royal Friesland Campina for half a billion dollars in 2015. At the time this was the biggest private foreign investment in Pakistan’s history.

Since Oct 2015, he has been involved in consultancy projects, among others with ICI, IBL, JSPE, Shan Foods, Al-Shaheer (Meat One), Soya Supreme, Burque Corp, CCL and ITL.

Sarfaraz was contracted to Grant Thornton for 2016-17 as an executive coach during a culture change project at UBL. He conducts a well-established coaching / mentoring role, with business executives and university graduates. Sarfaraz has coached for Careem, Gatron-Novatex, Engro, ICI, Descon, PPL, UBL and City School.

Sarfaraz was Chairman of the Broadcasters / Advertisers Council 2015-18 (joint body controlling advertising in Pakistan). Further, he was the Chairman of the 1st Effie Awards in Pakistan, in 2019. He is also on the Board of MAP and Patient Aid Foundation.

Additionally, Sarfaraz speaks at various forums. He has given motivational talks at Laye’s, Mondelez, Nutrico, RB, Engro, Octara, ICI, Shell, MAP etc. At universities, colleges, schools and on media occasions he holds climate change talks / sessions to create awareness.

Sarfaraz is deeply interested in playing his part in giving back to society and has worked on an online interactive education model for mass education, to resolve the issue of literacy in Pakistan over the next decade. In the past he was associated with Shaukat Khanum Hospital as a Board of Governor and with WWF as a Director. He is also associated with Hisaar Foundation and its work on water / environmental issues in Pakistan.

Mr. Sarfaraz Ahmed Rehman is appointed as Chairman of the company with effect from 16 October, 2021. 

Mr. Waqar Ahmed Malik’s (Sitara-i-Imtiaz) corporate and business experience spans over 30 years across three continents. 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. He has also been the Chief Executive Officer of ICI Pakistan Limited and the Chief Executive Officer and Chairman of Lotte Pakistan Limited (formerly Pakistan PTA Limited). During his career with ICI and Akzo Nobel, he worked in Europe and Americas’ in Corporate Finance and Strategy.

Mr Waqar Ahmed Malik joined Fauji Foundation as Managing Director and Chief Executive Officer on 9th April 2020. Presently, he is serving as Chairman on the Boards of following Fauji Group Companies:-

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

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. Mr Malik is a non-executive Member of the Board of JAZZ Pakistan which is a subsidiary of Veon Limited, as well as non-executive Director of Rafhan Maize.

Earlier, Mr Malik also served on the following prestigious boards:-

• Engro Corporation Limited – Director (Non-Executive & Independent)
• Standard Chartered Bank Pakistan Limited – Director (Non-Executive & Independent)

He played an instrumental role in development of Pakistan’s Regulatory System as well as for the advocacy to undertake economic reforms. Earlier he served as:-

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

Mr Malik is 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, where 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 is an outstanding professional, having rich experience in managing,  operating and advising investment portfolio to top-tier banks and organizations of the Country at senior level. Presently, he is holding the position of Corporate Advisor and Head of Investment Division in Fauji Foundation.  He is a member of FFBL Board of Directors since Jul 2006. He is also a member of Board of Directors of all subsidiaries and associated companies of Fauji Foundation. He is also on the Board of following entities:-

• Fauji Fertilizer Company Limited
• Mari Petroleum Company Limited
• Fauji Cement Company Limited
• Fauji Oil Terminal Company
• Daharki Power Holdings Limited
• Foundation Wind Energy – II
• Foundation Wind Energy – I
• Fauji Akbar Portia Marine Terminals
• Pakistan Maroc Phosphore, S.A., Morocco
• Askari Bank Limited
• Fauji Meat Limited
• Fauji Foods Limited

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. 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.