LAHORE: Taimur Dawood has been appointed as the new Chief Executive officer (CEO) of Descon Oxychem Limited replacing Aamir Niazi at the helm.
This was revealed in a stock market notification filed on the bourse by the company on Thursday.
Taimur Dawood earned his bachelor’s degree in industrial engineering from Purdue University, USA and MBA from Columbia University, New York, USA.  Prior to joining Descon, Taimur Dawood worked as an equity analyst at Graham Partners, a technology focused hedge fund. He also worked at UBS as a technology analyst.
He has over 15 years of work experience in a variety of fields that include product marketing, project finance, strategy development and implementation, turn around management, mergers and acquisitions.
In addition to being on the board of directors of various Descon companies, he was previously serving as the vice chairman of the company.
Outgoing CEO, Aamir Niaz in a career spanning thirty-seven years across Asia-Pacific, America and Europe worked with FMC and British Oxygen Corporation Plc in capacity of international leadership roles.
He to his credit has a number of articles on economic, industrial and foreign policy. He became the chairperson of the International Advisory Board for Women in 2017.
Descon Oxychem Limited engages in the manufacture, procurement, and sale of hydrogen peroxide and allied products in Pakistan. It provides hydrogen peroxide for use in oxidation reactions; bleaching processes in textile, pulp, and paper industries; waste water treatment, exhaust air treatment, and for various disinfection applications.
Descon shares were trading at Rs20.0, up Rs0.38 (+1.94 percent) and KSE-100 index at 44,866.56 points, up 220.61 points (+0.49 percent) from Wednesday’s close.
