Shell Appoints Haroon Rashid as New CEO

Shell Pakistan is getting a new CEO, Haroon Rashid, according to a notification sent to the Pakistan Stock Exchange (PSX). The notification said: He is currently working as the General Manager lubricants for Shell Pakistan. He joined the company back in 1995 and has been working on various posts and roles over the years. Earlier, on April 16th, another notification sent to the PSX by Shell mentioned that the company’s current Chief Executive, Jawwad Ahmed Cheema, will be transferred to another post within the Shell Group, effective from July 01, 2018. From 1995 to 2000 Mr. Haroon was appointed in Shell’s Retail business in Pakistan. Then in 2001, he took a break to finish his MBA from INSEAD, rejoining Shell afterward as a Consultant in the Downstream Management Consultancy, London. Fast forward to 2005 and Mr. Haroon was appointed as the Downstream Competitor Intelligence Manager, also in London, before shifting to Singapore in 2008, now working as the Global Marketing Manager for Aviation. Then in 2011-2016, Mr. Haroon worked as the fuels Supply Chain General Manager for Shell in Pakistan. Shell Pakistan Limited is the Pakistani subsidiary of the Royal Dutch Shell public limited company and has been operating in South Asia for over 100 years. Shell’s core business in Pakistan is the downstream retail marketing company, which has interests in downstream businesses including retail, lubricants, and aviation. ALSO READ Shell & Unilever to Invest £100 Million in Pakistan Shell Pakistan hit its upper cap at the bourse at the time of filing of this report on Tuesday. It was trading at Rs. 361.84, increasing by Rs. 17.23 (five percent) from the start of the day.