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The Board is primarily responsible for ensuring the appropriate review of future company plans, good governance and effective control systems to protect shareholder value. In essence the Board establishes corporate strategy and the company’s business objectives. It also approves the company’s financial statements and assess overall performance against corporate plans and objectives.

The Board strictly follows the ‘Code of Corporate Governance’ of the Securities and Exchange Commission of Pakistan (SECP) which serves as a guide for formulating company fundamentals and policy framework. A Board of Directors’ meeting calendar is issued annually that schedules matters reserved for discussion and approval.

Rafiq M. Habib

Designation: Chairman

Mr. Rafiq M. Habib is the Group Chairman of ‘House of Habib’ belonging to the renowned Habib family which has won national and international acclaim for its initiative drives, straight dealings and pioneering spirit in business ventures and philanthropy.

He actively participates in social welfare programs and is currently serving as the Trustee of several welfare institutions covering a wide range of social activities, education being the prime focus where the family runs its own schools and supports other schools presently imparting high quality primary education to over 8000 children.

The family also run a Vocational Training Centre and has now embarked on building a world class (not-for-profit) University in partnership with ‘Carnegie Mellon’ and ‘Texas A&M’. The family also runs hospitals, soup kitchens, disaster relief work, in short supporting the needy in every way. He served on the Board of Governors of ‘Pakistan Institute of Management’. He is a Rotarian, an effective major donor, supports Polio Plus program and actively promotes street schools, home schools etc.

He has wide business experience in Insurance, banking, and Industry, promoted many Public Limited Companies including Toyota – Indus Motor Company Ltd. He is the Chairman of Habib Insurance Company Limited, Thal Limited, Shabbir Tiles and Ceramics Ltd. He is also a consultant to ‘Habib Bank AG Zurich’.

He also served for several years on the Board of Directors of ‘Philips Electrical Company of Pakistan Ltd.’ and was the first Chairman on the Advisory Board of ‘Standard Chartered Bank’ in Pakistan.

He has made the most remarkable contribution in the creation of new job opportunities.

Mr. Rafiq M. Habib is a Life Member of the ‘Federation of Pakistan Chambers of Commerce and Industry’. He is also a recipient of the 1981-82 “Businessman of the Year” award conferred by the same institution.

Salman Burney

Designation: Non-Executive Director – Thal Limited

Mr. Salman Burney joined the Board in February 2016 as a Non-Executive Director. He also served as the VP/Area GM for GSK Pakistan, Iran and Afghanistan. He began his career with ICI Pakistan in Sales & Marketing within various roles in Pakistan & African / Eastern Region at ICI plc, London and as General Manager of ICI’s Agrochemicals & Seeds Business. He joined the company in 1992, was appointed MD, SmithKline Beecham in 1997 with additional responsibility for Iran and the Caspian Region. He was holding the position of MD for GSK in Pakistan, and he was responsible for GSK’s Pharmaceutical business in Pakistan, Iran & Afghanistan. He has a degree in Economics from Trinity College, University of Cambridge, UK. Mr. Salman Burney has been the President of Pakistan’s foreign investors Chamber and as Chairperson of the MNC Pharma Association has led the industry interface with the government on various issues.

Masood Jaffery

Designation: Chief Executive Officer

Mr. Masood Jaffery has around thirty-five years of rich and eminent work experience holding senior level positions in the pharmaceutical industry in Pakistan and Overseas. Amongst the several leadership positions that he held, Mr. Masood Jaffery was the Director Marketing & Sales, SB / GSK Pakistan, VP Commercial, GSK ME Africa, GM & VP GSK Saudi Arabia as well as the Managing Director and Board member of Glaxo Saudi Arabia Ltd. His last position before joining STCL was VP & Program Leader, GSK MENA/CIS/SSA /Subcontinent.

Mr. Masood Jaffery did his B. Pharmacy from the University of Karachi and MBA from the Institute of Business Administration (IBA). He attended the Leadership Program at INSEAD and the Marketing & Business Development at Ashridge Management College, UK.

Mr. Masood Jaffery has joined Shabbir Tiles and Ceramics in March 2017 and has played a significant role in building and establishing the company towards successes. He holds an important stance as a role model to his colleagues encouraging them to grow and maintains a friendly work environment.

Imran Ali Habib

Designation: Director

Imran Ali Habib is a Senior Vice President at Habib American Bank in New York, USA. Prior to his transfer to the United States in 2016, he served as Senior Vice President with Habib Bank AG Zurich in the United Arab Emirates from 2008-2016. He has a graduate degree in Business Administration from Bryant University (2002), USA, and has attended the Program for Leadership Development at Harvard Business School. Mr. Imran Ali Habib also serves as a Director on the Board of Directors of Indus Motor Company Limited & Thal Limited.

Abdul Hai M. Bhaimia

Designation: Director
He brings more than forty years of managerial, entrepreneurial and professional experience in the fields of industrial management, business and finance.  His current directorships include Pak Grease Manufacturing Company (Pvt.) Limited and Askari General Insurance Company Limited.

Farhana Mawjee

Designation: Director

Qualified as a Chartered Accountant, she started her career from Ernst and Young UK and soon was appointed Manager with Ernst and Young with specific responsibility for certain banking clients including – Midland Bank Group; Banque Paribas and National Bank of Kuwait- and in manufacturing for Dairy Crest Ltd owned at that time by the UK Milk Marketing Board. Upon relocating to Pakistan in 1991, Farhana Mawjee helped in running the family business; Razaque Steels (Pvt.) Ltd and continues as one of two directors and is 50% shareholder of the company till date. She is also the director of Bank Al Habib Limited.

At the request of the Government, she served as a board member on Small and Medium Enterprises Development Authority (SMEDA); Engineering Development Board – Ministries of Industries, Government of Pakistan (both these around about 2002-5/6); and Institute Management Committees (IMC) of Government Polytechnic Institute for Women in Karimabad (from around 1999 to 2006 or so).

Feroze J. Cawasji

Designation: Director

Started professional career in January 1978 at A.F. Ferguson & Co., Chartered Accountants with their Lahore office as a Trainee Student. He was involved in various capacities in the audits of organizations that included banking, pharmaceutical, fertilizer, gas transmission & distribution etc

In November 1988 he joined Pakistan Refinery Limited (PRL) as Audit and Systems Manager and a year later was made the Comptroller responsible for accounting and IT.

Effective November 2001 he was nominated as the first Secretary General of Oil Companies Advisory Committee (OCAC). Later in November 2003 he joined Pak Arab Refinery Limited (PARCO) as Deputy Managing Director. In June 2012, he was appointed as the Chief Executive of Pak Arab Pipeline Company Limited which is a joint venture between PARCO, Shell Pakistan, PSO and Total PARCO Marketing Limited.

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