Asad umer
[h=1]Asad Umar[/h] From Wikipedia, the free encyclopedia
Jump to:
navigation,
search
[TABLE="class: infobox vcard, width: 22"]
[TR]
[TH="class: n, colspan: 2, align: center"]Asad Umar
اسد عمر[/TH]
[/TR]
[TR]
[TD="colspan: 2, align: center"]

[/TD]
[/TR]
[TR]
[TH="bgcolor: lavender, colspan: 2, align: center"]Personal details[/TH]
[/TR]
[TR]
[TH="align: left"]Born[/TH]
[TD]1961[/TD]
[/TR]
[TR]
[TH="align: left"]Residence[/TH]
[TD="class: label"]Karachi,
Pakistan[/TD]
[/TR]
[TR]
[TH="align: left"]
Alma mater[/TH]
[TD]
Institute of Business Administration, Karachi[/TD]
[/TR]
[TR]
[TH="align: left"]Occupation[/TH]
[TD]
Business Administrator
Politician
[/TD]
[/TR]
[TR]
[TH="align: left"]Religion[/TH]
[TD]
Islam[/TD]
[/TR]
[/TABLE]
Asad Umar (
Urdu:
اسد عمر )(born 1961) is a
Pakistani politician and former business administrator . He served as CEO and President of
Engro Corporation for 8 years during a 27 year career with the company.[SUP]
[1][/SUP] He resigned from his post at
Engro and Joined
Imran Khan led political party
Pakistan Tehreek-e-Insaf on April 2012.[SUP]
[2][/SUP] He received
Sitara-i-Imtiaz for his business achievements in 2010.
[TABLE="class: toc"]
[TR]
[TD] [h=2]Contents[/h] [
hide]
[/TD]
[/TR]
[/TABLE]
[h=2][
edit] Biography[/h] Umar was born in
Rawalpindi, Pakistan. His father was an Army officer and his family has a long history of military career. He is the youngest among his 6 other siblings. Umar graduated as an MBA from the
Institute of Business Administration, Karachi in 1984.[SUP]
[1][/SUP]
[h=2][
edit] Tenure at Engro[/h] Umars 27-year career at Engro began in 1985, when the company was still a subsidiary of ExxonMobil, the global oil giant.[SUP]
[1][/SUP] He joined the company as a business analyst, and was working for it abroad in Canada when the famous management buyout of Engro took place in 1991. Umar came back to Pakistan and in 1997 was appointed the first CEO of Engro Polymer & Chemicals, the groups petrochemical arm. Later on, he was elected as the President and CEO of
Engro Corporation in January 2004 and transformed the business from a mere chemical company to a giant conglomerate. It was his idea to diversify into dairy and food business and today 'Engro Foods' stand as the highest profit producing subsidiary of
Engro Corporation. It was in his tenure when Engro became the first Pakistani company to buy a business entity abroad when the company earlier in 2012 bought Canadian based food company 'Al Safa Halal'.
Umar has been quoted about his first salary as saying, I still remember the exact figure of my first salary: Rs 8,170 per month. My boss at the time said Well, frankly they are paying you too much. At the time he left the company, he was the highest paid
CEO in the country who received Rs 5.7 million per month as salary, in addition to which he was also paid from company stocks and owns about 2 million shares of the corporation[SUP]
[3][/SUP].
[h=2][
edit] Political Career[/h] Asad Umar resigned as CEO of
Engro Corporation on 19th April, 2012 and joined
Pakistan Tehreek-e-Insaf. At PTI, he will be part of committee to work on a draft paper to suggest economic reforms to take Pakistan out of current financial crisis. Asad Umar was appointed Central Senior Vice President of PTI on April 21, 2012.[SUP]
[4][/SUP]