Key takeaways:
- Leadership Transition: Waqar Ahmed Malik, the first civilian CEO and MD of Fauji Foundation, is concluding his tenure after four years marked by significant improvements in the conglomerate’s performance.
- Civilian Impact: Malik’s strategy involved hiring industry professionals to manage the Foundation’s businesses, leading to profitability, especially for the troubled subsidiary Fauji Foods.
- Return to Military Management: Despite the successes, Malik has been replaced by Lt General (r) Anwar Ali Hyder, signaling a shift back to military leadership for the Foundation.
more at: Waqar Malik is on his way out and a general on his way in. Is this the end of the civilian experiment at Fauji Foundation? – Profit by Pakistan Today
