Key Takeaways
- Imtiaz Ahmed, a veteran of Pakistan’s petrochemical industry, now heads Lotte Chemical Pakistan’s board.
- He has over 28 years of leadership experience and a PhD in Business Administration from the University of Mississippi.
- Ahmed also serves as CEO of three other companies: International Petrochemicals, PACHEM Global, and Faras Fertilizer Company.
Imtiaz Ahmed, a seasoned executive with a background in business administration, has taken the helm as chairman of Lotte Chemical Pakistan Limited. His appointment follows the acquisition of approximately 75.01% of the company’s shares by PTA Global Holding Limited from South Korea’s Lotte Chemical Corporation.
With over three decades of business experience, Ahmed has been instrumental in starting, building, and growing businesses. His leadership roles include serving as chief executive of three other companies: International Petrochemicals, PACHEM Global, and Faras Fertilizer Company.
Ahmed’s academic credentials are equally impressive. He earned his PhD in Business Administration from the University of Mississippi’s School of Business Administration in 1990. Prior to his business career, he taught as an assistant professor at St. Joseph’s University in Philadelphia for four years.
His professional journey took a significant turn when he joined Lotte Chemical Pakistan. As chairman, Ahmed is leading the company through a transition in ownership, succeeding Jo Hyun Kwoun. He was reappointed for a three-year term effective June 23, 2026.
Under Ahmed’s leadership, Lotte Chemical Pakistan has seen significant developments. Last month, he announced the acquisition of Engro Polymer & Chemicals Limited, further expanding the company’s portfolio.
Ahmed’s appointment underscores his extensive experience and expertise in the petrochemical industry. His role as chairman comes at a crucial time as the company navigates a change in ownership and seeks to maintain its market position.
His diverse background, spanning both academia and business, positions Ahmed well to lead Lotte Chemical Pakistan through this period of transition. His leadership is expected to drive the company’s growth and development in the coming years.
