Kashan Hasan steps down as CEO of FrieslandCampina Engro Pakistan

FrieslandCampina Engro Pakistan (FCEPL) 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 (PSX) on Monday.

“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.

It said that Kashan Hasan will continue to perform his responsibilities till completion of his notice period as per the company’s policy.

“The Board of Directors will appoint a new CEO and Board of Directors in due course. The casual vacancy arising on the Board of Directors will be dealt with in accordance with the applicable legal and regulatory requirements.”

Hasan has over two decades of experience across various commercial functions, including sales, customer management, marketing, and trade marketing. His career encompasses various regional and global roles in markets such as Pakistan, South Africa, the UK, the Middle East, and North Africa.

Prior to joining FCEPL, Kashan served as the CEO of Shan Foods, a position he took after a 15-year stint at Reckitt, culminating in his role as General Manager for Pakistan.

FCEPL is a public limited company that began as Engro Foods in 2005. It is a subsidiary of FrieslandCampina Pakistan Holding B.V., which in turn is a subsidiary of the Dutch multinational corporation Royal FrieslandCampina, the ultimate parent company of FCEPL. Royal FrieslandCampina made a significant 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 over 1300 milk collection centres. The company is involved in the manufacturing, processing, and sale of dairy products and frozen desserts