In a strategic move to strengthen its leadership team, Hascol Petroleum Limited has appointed Javed Ahmedjee as its new Chief Executive Officer, effective immediately. With over 30 years of diverse experience across energy, banking, pharmaceuticals, and capital markets, Ahmedjee brings a proven track record of turning around struggling businesses – most notably his successful restructuring of Puma Energy. His appointment comes at a critical juncture for Hascol as the company works to recover from recent financial challenges through debt restructuring and operational improvements. The Board expressed confidence that Ahmedjee’s international experience and local market expertise will help steer the company back to stability and growth in Pakistan’s competitive fuel market. Analysts are watching closely to see how his leadership will impact Hascol’s ongoing restructuring efforts and future strategic direction.
