LAHORE: A bourse notification Monday revealed Saad Mahmood Rashid has taken charge as Executive Director of Akzo Nobel effective November 20th, 2017.
Saad Mahmood, has 16-year experience behind him across several industries and geographies. Before joining AkzoNobel, an MBA from IBA Karachi, Saad had held various commercial positions at Reckitt Benckiser South Africa, Pepsi Cola International, Pakistan Tobacco Company (BAT) and Ceylon Tobacco Company (BAT).
Profit reported in September regarding Jehanzeb Khan retiring from his position on Nov 18. The AkzoNobel board appointed Saad Mahmood Rashid, previously the business manager for decorative paints in the company since Oct 2014 was appointed as the new CEO.
As AkzoNobel CEO, in 2012, Jehanzeb led his team in demerging the paints business from ICI Pakistan, and in the same year established AkzoNobel Pakistan as an independent public listed company. In his six years and a bit as the CEO, Jehanzeb has guided AkzoNobel Pakistan as a prosperous and thriving entity – in the process creating value for stakeholders.