Five things to know about Imtiaz Ahmed, Lotte Chemical Pakistan’s chairman
- Imtiaz Ahmed is a veteran with three decades in petrochemicals and a PhD
Imtiaz Ahmed, the new chairman of Lotte Chemical Pakistan, brings decades of petrochemical industry experience and a strong academic background to his leadership role following a major ownership change.
- Ahmed's three decades of experience in the petrochemical industry.
- His academic background, including a PhD, and early career in academia.
- His multiple CEO roles and recent acquisition of Engro Polymer & Chemicals.
Imtiaz Ahmed, a veteran of Pakistan’s petrochemical industry with an academic background in business administration, heads the board of Lotte Chemical Pakistan Limited following a change in the company’s ownership in 2025. Here are five things to know about his education, career and leadership roles.
1. Three decades of business experience
Ahmed’s LinkedIn profile describes his experience in starting, building, growing and acquiring businesses as spanning three decades. The company’s official profile credits him with more than 28 years of leadership experience in the petrochemical industry, where he has led businesses and developed commercial operations.
2. Doctorate in Business Administration
Ahmed completed his PhD in Business Administration at the University of Mississippi’s School of Business Administration in the United States in 1990. He also served as president of the Pakistan Students Association during his time at the university.
3. Career in academia
Before moving into the petrochemical industry, Ahmed worked as an assistant professor at St. Joseph’s University in Philadelphia, where he taught for four years. His career subsequently shifted towards business leadership and entrepreneurship in Pakistan’s petrochemical and allied industries.
4. Chief executive at three companies
Alongside his chairmanship at Lotte Chemical Pakistan, Ahmed serves as chief executive of International Petrochemicals, PACHEM Global and Faras Fertilizer Company. IPC’s official management profile says he joined the company after completing his doctorate and pursued a global expansion agenda, helping develop its clientele, warehousing and distribution network. Last month, Ahmed announced acquisition of Engro Polymer & Chemicals Limited as well.
5. Lotte chairmanship
Ahmed was initially appointed chairman of Lotte Chemical Pakistan’s board on November 12, 2025, following the acquisition of approximately 75.01% of the company’s shares by PTA Global Holding Limited from South Korea’s Lotte Chemical Corporation. He succeeded Jo Hyun Kwoun and was reappointed for a three-year term effective June 23, 2026.
The appointment placed Ahmed at the head of the board during a transition in the company’s ownership. He serves as chairman, while Adnan Afridi is the company’s chief executive.