Lotte Chemical reappoints chairman, CEO
- Reappoints Chairman Imtiaz Ahmed and CEO Adnan Afridi
Lotte Chemical Pakistan Limited reappointed Imtiaz Ahmed as Chairman and Adnan Afridi as Chief Executive, effective June 23, 2026, as announced to the Pakistan Stock Exchange.
- Reappointment of Lotte Chemical Pakistan's top leadership.
- Effective date for the new Chairman and CEO terms.
- Lotte Chemical Pakistan's PTA manufacturing and market position.
Lotte Chemical Pakistan Limited announced on Wednesday the reappointment of its Chairman of the Board and Chief Executive.
The information was conveyed to the Pakistan Stock Exchange today.
The notice to the bourse said that Imtiaz Ahmed was re-appointed as Chairman of the Board and Adnan Afridi was re-appointed as Chief Executive of the Company with effect from 23 June 2026.
Dr Ahmed began his career as an Assistant Professor at St. Joseph’s University in Philadelphia, where he taught for four years. He later pursued and completed his Ph.D. in Business Administration from the University of Mississippi in 1990.
He has over 28 years of leadership experience in the petrochemical industry.
READ MORE: Lotte Chemical Pakistan plans to acquire majority stake & control in Engro Polymer
Meanwhile, Afridi has over 30 years’ international experience in Change Management, business transformation, innovation and profitability enhancement in blue chip companies, public sector and high growth situations.
Lotte Chemical Pakistan Limited manufactures and sells Purified Terephthalic Acid (PTA) and operates a state-of-the-art plant at Port Qasim, Karachi, with an annual production capacity of 500,000 tonnes.
It is a key supplier to the domestic polyester and PET industries. The plant operates under a technology license from Invista Performance Technologies (IPT), with feedstock sourced from reputable international suppliers, and the Company contributes to downstream industrial development and foreign exchange savings for the country.
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