KARACHI: FrieslandCampina Engro Pakistan Ltd. said Monday that CEO Kashan Hasan has resigned from his positions as chief executive and director.
The listed company disclosed the development in a notice to the Pakistan Stock Exchange.
“Kashan Hasan has resigned from his positions as CEO and Board of Directors of FrieslandCampina Engro Pakistan Limited,” the company said in its filing to the bourse.
The company said Hasan will continue to perform his responsibilities until the completion of his notice period, in accordance with company policy.
“The Board of Directors will appoint a new CEO and Board of Directors in due course,” the company said. “The casual vacancy arising on the Board of Directors will be dealt with in accordance with the applicable legal and regulatory requirements.”
Hasan has more than two decades of experience across various commercial functions, including sales, customer management, marketing and trade marketing. His career includes regional and global roles in Pakistan, South Africa, the United Kingdom, the Middle East and North Africa.
Before joining FCEPL, Hasan served as CEO of Shan Foods, a position he assumed after a 15-year tenure at Reckitt, where he ultimately served as general manager for Pakistan.
FCEPL is a public limited company that began operations as Engro Foods in 2005. It is a subsidiary of FrieslandCampina Pakistan Holding B.V., which is a subsidiary of Dutch multinational Royal FrieslandCampina, the ultimate parent company of FCEPL.
Royal FrieslandCampina made a foreign direct investment of $450 million in Pakistan’s dairy sector in 2016 through the acquisition of Engro Foods.
FCEPL operates two production facilities, in Sukkur and Sahiwal, and a dairy farm in Nara, supported by more than 1,300 milk collection centres. The company is involved in the manufacturing, processing and sale of dairy products and frozen desserts.
