ISLAMABAD: Syed Muhammad Taha on Wednesday assumed charge as the Pakistan State Oil’s managing director/chief executive officer (CEO).

He is known for his transformational skills in the energy sector with over two decades of experience in the industry.

In a news statement, Taha said, “I am truly honoured to lead the country’s largest oil marketing company with utmost devotion. PSO has huge growth potential in fuel and non-fuel retail, as well as in the lubricants segment.

“I am well aware of the chronic problems the company is facing, including the alarming level of receivables from various sectors.”

Taha said he wouldn’t only keep focus on growth strategies in market-share and profitability but also would look into the ways to diversify in and outside the company’s core business areas.

To achieve this, synergies would be created within various operating units of the company with the aim to better serve our customers and stakeholders, he maintained.

“I have a firm belief that with the help and support of my team members at all levels of hierarchy in the company, we will be able to take PSO to a whole new level in terms of growth and efficiency,” Taha vowed.

According to the press release, Taha, during his last 19 years of executive-level management experience, had been a member of the change management team with specific reference to K-Electric and PSO, where he was an integral member of the leadership team that turned around these struggling enterprises into highly profitable concerns.

Previously, he worked with Oasis Energy, K-Electric and PSO, Shell Pakistan, Caltex Pakistan (A Chevron Company) and Pakistan Steel Mills at various positions.

Taha holds an Engineering degree, with an MBA in Finance from the Institute of Business Administration Karachi.

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