KARACHI: Haroon Rashid, CEO of Shell Pakistan Limited, has been elected president of the Overseas Investors Chamber of Commerce and Industry (OICCI) with effect from July 1, 2020.
His election came following a successful tenure of Shazad Dada, who resigned as the president of OICCI after resigning from the Standard Chartered Bank and taking over as president of the United Bank Limited.
Irfan Siddiqui has been elected vice president of the OICCI from July 1, 2020. Irfan is the founding president/CEO of Meezan Bank Limited. He initiated the formation of Al-Meezan Investment Bank in 1997, which was converted into a full-fledged scheduled Islamic Commercial Bank in May 2002 -- the first ever Islamic commercial banking license given in Pakistan.
Commenting on his election as the president of OICCI, Haroon Rashid, who was very upbeat, said, "It is really an honor to have been elected as the president of a prestigious organization like the OICCI, which is the largest chamber in the country in terms of economic contribution, contributing over one-third of all government levies and is also the largest foreign investor in the country."
Haroon was appreciative of the "proactive role of the Government of Pakistan in managing the enormous challenge posed by the COVID-19 pandemic".
The OICCI president added, "OICCI members are fully cognizant of the need to ensure that the wheels of economy keep moving, business activities continue, with full safety guidelines enforced and all stakeholders are well looked after." Haroon said that the "OICCI believes in the economic and investment potential of Pakistan which, with forward looking policies and their robust implementation, will put Pakistan back as one of the most promising country for foreign and local investors".
Haroon Rashid is the chief executive and managing director of Shell Pakistan Limited where he has been a director on the board since 2011.
He joined Shell in 1995 after graduating from The Lahore University of Management Sciences (LUMS). Haroon has had a diverse experience across Shell in Pakistan, United Kingdom and Singapore and has held various senior leadership roles in sales, marketing, downstream strategy consultancy, trading and supply and aviation.
After working in retail in sales, non-fuels retailing and network planning from 1995 to 2000, he took time off in 2001 to complete an MBA from INSEAD, after which he rejoined Shell as a consultant in downstream management consultancy in London.
In 2005 he became the downstream competitor intelligence manager in London, before moving to Singapore in 2008 as the global marketing manager for aviation.
In 2011, Haroon returned to Pakistan as the general manager supply and distribution for the Middle East and South Asia region. In 2016 he became general manager lubricants. Haroon has been on the boards of a number of leading industry associations and social cause organizations.
Copyright Business Recorder, 2020
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