اردو
Governance – Feroze1888 Mills Limited

Governance

  • Mr. Abdul Rehman Yaqub - Non-Executive Director / Chairman

    Mr. Abdul Rehman Yaqub after completing his education in the US entered into textile industry almost 35 years back. Starting out as a young businessman with a strong work ethic, he started sales and distribution textile Company named as Eastern Imports Ltd. Within few years, he expanded the operation by acquiring manufacturing facilities in Bangladesh and Sri Lanka. While his company was growing internationally, he worked on expanding his US operations by merging with another niche textile company to become Eastern-Shelnor, Inc. (ESN).

    From the success and growth of ESN another merger came into play with him leading the way. ESN merged with a textile manufacturer and became 1888 Mills, LLC with manufacturing capabilities in the US.

    Over the years, he has utilized his many years of knowledge and understanding of the global textile market to be the visionary of the Company. His unique ability to bring together people of diverse cultures and backgrounds has enabled 1888 Mills US to be one of the pioneers of global textile production, with mills in Pakistan, Bangladesh, Ghana and the United States. Today Mr. Yaqub is seen as a predominant global business leader.

  • Mr. Shabbir Ahmed - Non-Executive Director

    Mr. Shabbir Ahmed belongs to a family who has diversified stake in industries, trade and commerce for many decades in Pakistan. He himself is engaged in the business for almost 45 years both independently and in joint ventures / partnership with other family members as well as other business houses and individuals. In addition to trading / commercial activities he has a substantial stake in textile sector.

    He has contributed extensively on advancement in textile sector including exploration of export market, contract negotiation and customer retention. Mr. Shabbir is highly respected in the business community as a man of commitment.

  • Mr. Khaleequr Rahman - Non-Executive Director

    Mr. Khaleequr Rahman is with the textile industry for more than four decades. Belonging to a family in business for generations, he was made part of business during his education days and started to learn and understand the textile and other family businesses.

    With the broadening of experience and exposure, his role was enhanced over time and ultimately assigned the responsibility to lead the business. After assuming the role, he strongly emphasized on change in culture, adopting and practicing the more proven technological advancements and made all his efforts to adopt good practices and introduced the culture of high performance with maximum economization. With his vision and leadership capabilities and foresightedness, he not only enhanced the volume and profit by many folds but also built on principles of Sustainability to rank as largest terry manufacturing concern in the Country.

  • Mr. Perwez Ahmed - Non-Executive Director

    Mr. Perwez Ahmed’s career began nearly five decades ago and his association with Feroze1888 is from the beginning as he was among the founding members of the Company. With his business acumen & cross industry experience he has ventured into pharmaceutical industry as well and is a director on the board for one of the leading pharmaceutical companies in Pakistan.

    Mr. Perwez is very active in the textile community to date and had represented the Company in various associations & forums over the years. Over the span of his professional service, he has proven his expertise in strategically leading the business with a strong acumen in finance, sales, marketing, and general management. He has very strong interpersonal & communication skills and is actively involved in philanthropic activities.

  • Mr. Zain Ashraf Mukaty - Non-Executive Director

    Mr. Zain Ashraf Mukaty graduated from the University of Pennsylvania, with a dual degree in Economics and Engineering as part of the prestigious Jerome Fischer Program in Management and Technology. He worked at Cornerstone Research in New York as a Consultant before moving back to Pakistan.

    Mr. Zain has been an integral part of the new venture development team at Liberty Group. He has a multifaceted role and is involved in various new projects that diversified Liberty Group portfolio. He is leading the project development, financing and execution of 100 MW wind power, Liberty Wind Power 1 & 2, as the Executive Director. He is also a Director of Pakistan Aluminum Beverage Can Limited, and had a leading role in the turnaround of the company focusing on operations, sales, strategy and growth.

    In addition, Zain is the Chief Executive Officer at Oncogen Pharma (Private) Limited, developing the first fully compliant cancer drugs manufacturing facility in Pakistan. His key role in the company is highly enterprising, focusing on successful project design, execution, technology transfer and commercialization.

  • Mr. Anas Rahman - Non-Executive Director

    Mr. Anas Rahman has completed his M.B.A in Marketing from Institute of Business Management Karachi. He has more than 20 years of experience in the textile sector. He has worked in different capacities including as Director Marketing, Chief Executive Officer and Vice Chairman for Feroze1888 Mills Limited.

    As a visionary and strategic thinker, he possess good leadership skills and has lead teams effectively and successfully. Over the years he has successfully diversified into Agriculture, Pharmaceutical and other industries.

    He is a Certified Director from the Pakistan Institute of Corporate Governance.

  • Mr. Temoor Ashraf Mukaty - Non-Executive Director

    Mr. Temoor Ashraf Mukaty, graduated from Babson College, Boston with a degree in Finance and Accounts in 2016.

    Since moving back to Pakistan in 2016, he has been looking after the affairs of Liberty group with a particular focus on Liberty Mills Limited where he is working on expanding both the product range as well as strategically working for vertical integration.

    Mr. Temoor is also involved in actively managing investments in the Groups publicly listed equities and identifying new areas for Investment.

  • Mr. Moin M. Fudda - Independent Director

    Mr. Fudda was elected on the Board in July 2023. He has over 45 years of experience which encompasses working in the corporate sector as well as performing diplomatic duties. He holds B.S. in Insurance & Economics from the RCD College of Insurance, Tehran, and MBA in Insurance & Risk Management from St. Jones University New York.

    In his former role as Managing Director of Karachi Stock Exchange (now Pakistan Stock Exchange), he was elected as Chairman of the Corporate Governance Task Force of Federation of European and Asian Stock Exchanges (FEAS). He has helped in creation of Pakistan Institute of Corporate Governance (PICG) and is a member of its faculty as well as a Certified CG Trainer by International Finance
    Corporation.

    Prior to joining KSE, he was Country Chief of New Zealand Insurance and Commercial Union (CU now AVIVA) and Founder MD of CU Life (now Jubilee Life). He has also held positions such as Country Director, Center for International Private Enterprise, an affiliate of US Chamber of Commerce, Executive Director Pakistan Reinsurance Company and Client Executive, Stewart Wrightson, Lloyds Insurance Brokers.

    In 1989, he was presented with the Best Managers Award by the Institute of Business Administration (IBA). In 1990, NZ Commemoration Medal was conferred on him by the Queen of New Zealand and in 2002, he was recognized as the Honorary Officer of the New Zealand Order of Merit (ONZM). In 2006, he was conferred the coveted Sitara-e-Imtiaz by the President of Pakistan.

    Mr. Fudda’s other professional affiliations were:

    MoinMFudda_Affiliations

     

  • Ms. Huma Pasha, FCA, CIA, CRMA & CICA - Independent Director

    Ms. Huma is currently serving as the Senior Partner at Usmani & Co. and brings with her over 35 years of local and international working experience with various national and global institutions including Citibank, Hub Power Company and Dawood Hercules group in several management capacities. Besides this, she is a professional trainer and has been carrying out workshops, seminars and conferences at various reputable institutions. She is highly passionate for training services and more frequently indulge herself in various trainings on Directors training, Board performance evaluation, risk based internal audit including role of Internal Audit in connection with Ethics and Fraud, and sustainable business propositions etc.

    Huma has served on the Audit Committee of the State Bank of Pakistan Banking Services Corporation and carried out quality assurance review of State Bank of Pakistan’s Internal Audit and Compliance Department. She has also served on the Quality Assurance Board of ICAP and several of their Committees and was highly active with the Institute of Internal Auditors Global and Institute of Internal Auditors International Board. She was the first Chairperson of the Chartered Accountants Woman’s Forum of ICAP.

    She is a Chartered Accountant by profession and has obtained various certifications including Certification in Risk Management Assurance; Internal Controls and Internal Audit.

  • Ms. Aminah Zahid Zaheer - Independent Director

    Ms. Aminah is the Managing Director of Zahid Zaheer & Associates, a multi-disciplinary, reputable management consultancy firm based in Karachi. Prior to relocating to Pakistan, Ms. Aminah was employed with The Body Shop International Pte Ltd where she held the position of Regional Finance Director for Asia Pacific, based out of Singapore. Ms. Aminah holds over 30 years of diverse working experience with some of the world’s largest FMCG firms – namely Unilever, Johnson Wax, Johnson & Johnson, L’Oreal SA and The Body Shop.

    Ms. Aminah has acquired over 15 years of Boardroom experience and has served on diverse boards of various Private Limited companies as well as Listed Companies, both as an Executive Director and as an Independent Director. She completed the Directors Training Program on Corporate Governance from PICG initially in 2007, followed by a refresher course in 2018 and is certified by PICCG on Corporate Governance Leadership Skills.

    Ms. Aminah completed Masters in Business Administration from The Institute of Business Administration (IBA) Karachi in 1990 with a major in Finance. During the course of her professional journey she has also completed innumerable training courses with INSEAD in France, with the CFA Institute in Singapore and with The Johnson Learning Institute and Cornell University in USA.

  • Mr. Rehan Rahman - Chief Executive Officer

    Mr. Rehan Rahman was appointed Chief Executive Officer of Feroze1888 Mills in April 2016 and has recently been re-appointed for the fourth term effective August 2023. He brings with him an extensive and cross functional hands on experience of now over 20 years in Feroze1888 and legacy companies. Rehan became the first CEO of Nakshbandi Industries Limited (NBIL) after its acquisition by Feroze Textile Mills Limited in 2010 and played an instrumental role in the integration process and transformed a deteriorating unit into a gradually performing unit.

    As Chief Executive Officer, Rehan leads Feroze1888 Mills in its purpose: “Weaving a Better World” with a commitment to drive the organization forward with his progressive mindset. Mr. Rahman’s levelheadedness and the courage to provide opportunities to his team – to succeed even when the responsibility lies with him – has bred a culture of authority with responsibility in the organization and mutual respect at the heart of it all. During his tenure as a CEO of Feroze1888 Mills since April 2016, the Company has achieved many milestones; from highest ever sales revenue and profitability, capacity enhancements, HR development programs – to winning multiple customer and sustainability awards, locally and internationally. Across all his roles, Mr. Rahman has delivered objectives consistently by focusing on driving high-quality and disciplined execution, ensuring there is strong focus on doing the right thing across the organization, and developing strong teams by setting clear objectives.

    Besides focus on business, the cause of the wider community is central to his vision. He focused the concept of exposure to university students – Feroze1888 stands as one of the most sought after manufacturing and commercial organization for providing first-hand practical knowledge & vocation to students. Over the years, he has also led the Company to participate in various charitable activities and steered the Company and the employees too, to contribute to the society at large.

Governance

  • Mr. Abdul Rehman Yaqub - Non-Executive Director / Chairman

    Mr. Abdul Rehman Yaqub after completing his education in the US entered into textile industry almost 35 years back. Starting out as a young businessman with a strong work ethic, he started sales and distribution textile Company named as Eastern Imports Ltd. Within few years, he expanded the operation by acquiring manufacturing facilities in Bangladesh and Sri Lanka. While his company was growing internationally, he worked on expanding his US operations by merging with another niche textile company to become Eastern-Shelnor, Inc. (ESN).

    From the success and growth of ESN another merger came into play with him leading the way. ESN merged with a textile manufacturer and became 1888 Mills, LLC with manufacturing capabilities in the US.

    Over the years, he has utilized his many years of knowledge and understanding of the global textile market to be the visionary of the Company. His unique ability to bring together people of diverse cultures and backgrounds has enabled 1888 Mills US to be one of the pioneers of global textile production, with mills in Pakistan, Bangladesh, Ghana and the United States. Today Mr. Yaqub is seen as a predominant global business leader.

  • Mr. Shabbir Ahmed - Non-Executive Director

    Mr. Shabbir Ahmed belongs to a family who has diversified stake in industries, trade and commerce for many decades in Pakistan. He himself is engaged in the business for almost 45 years both independently and in joint ventures / partnership with other family members as well as other business houses and individuals. In addition to trading / commercial activities he has a substantial stake in textile sector.

    He has contributed extensively on advancement in textile sector including exploration of export market, contract negotiation and customer retention. Mr. Shabbir is highly respected in the business community as a man of commitment.

  • Mr. Khaleequr Rahman - Non-Executive Director

    Mr. Khaleequr Rahman is with the textile industry for more than four decades. Belonging to a family in business for generations, he was made part of business during his education days and started to learn and understand the textile and other family businesses.

    With the broadening of experience and exposure, his role was enhanced over time and ultimately assigned the responsibility to lead the business. After assuming the role, he strongly emphasized on change in culture, adopting and practicing the more proven technological advancements and made all his efforts to adopt good practices and introduced the culture of high performance with maximum economization. With his vision and leadership capabilities and foresightedness, he not only enhanced the volume and profit by many folds but also built on principles of Sustainability to rank as largest terry manufacturing concern in the Country.

  • Mr. Perwez Ahmed - Non-Executive Director

    Mr. Perwez Ahmed’s career began nearly five decades ago and his association with Feroze1888 is from the beginning as he was among the founding members of the Company. With his business acumen & cross industry experience he has ventured into pharmaceutical industry as well and is a director on the board for one of the leading pharmaceutical companies in Pakistan.

    Mr. Perwez is very active in the textile community to date and had represented the Company in various associations & forums over the years. Over the span of his professional service, he has proven his expertise in strategically leading the business with a strong acumen in finance, sales, marketing, and general management. He has very strong interpersonal & communication skills and is actively involved in philanthropic activities.

  • Mr. Zain Ashraf Mukaty - Non-Executive Director

    Mr. Zain Ashraf Mukaty graduated from the University of Pennsylvania, with a dual degree in Economics and Engineering as part of the prestigious Jerome Fischer Program in Management and Technology. He worked at Cornerstone Research in New York as a Consultant before moving back to Pakistan.

    Mr. Zain has been an integral part of the new venture development team at Liberty Group. He has a multifaceted role and is involved in various new projects that diversified Liberty Group portfolio. He is leading the project development, financing and execution of 100 MW wind power, Liberty Wind Power 1 & 2, as the Executive Director. He is also a Director of Pakistan Aluminum Beverage Can Limited, and had a leading role in the turnaround of the company focusing on operations, sales, strategy and growth.

    In addition, Zain is the Chief Executive Officer at Oncogen Pharma (Private) Limited, developing the first fully compliant cancer drugs manufacturing facility in Pakistan. His key role in the company is highly enterprising, focusing on successful project design, execution, technology transfer and commercialization.

  • Mr. Anas Rahman - Non-Executive Director

    Mr. Anas Rahman has completed his M.B.A in Marketing from Institute of Business Management Karachi. He has more than 20 years of experience in the textile sector. He has worked in different capacities including as Director Marketing, Chief Executive Officer and Vice Chairman for Feroze1888 Mills Limited.

    As a visionary and strategic thinker, he possess good leadership skills and has lead teams effectively and successfully. Over the years he has successfully diversified into Agriculture, Pharmaceutical and other industries.

    He is a Certified Director from the Pakistan Institute of Corporate Governance.

  • Mr. Temoor Ashraf Mukaty - Non-Executive Director

    Mr. Temoor Ashraf Mukaty, graduated from Babson College, Boston with a degree in Finance and Accounts in 2016.

    Since moving back to Pakistan in 2016, he has been looking after the affairs of Liberty group with a particular focus on Liberty Mills Limited where he is working on expanding both the product range as well as strategically working for vertical integration.

    Mr. Temoor is also involved in actively managing investments in the Groups publicly listed equities and identifying new areas for Investment.

  • Mr. Moin M. Fudda - Independent Director

    Mr. Fudda was elected on the Board in July 2023. He has over 45 years of experience which encompasses working in the corporate sector as well as performing diplomatic duties. He holds B.S. in Insurance & Economics from the RCD College of Insurance, Tehran, and MBA in Insurance & Risk Management from St. Jones University New York.

    In his former role as Managing Director of Karachi Stock Exchange (now Pakistan Stock Exchange), he was elected as Chairman of the Corporate Governance Task Force of Federation of European and Asian Stock Exchanges (FEAS). He has helped in creation of Pakistan Institute of Corporate Governance (PICG) and is a member of its faculty as well as a Certified CG Trainer by International Finance
    Corporation.

    Prior to joining KSE, he was Country Chief of New Zealand Insurance and Commercial Union (CU now AVIVA) and Founder MD of CU Life (now Jubilee Life). He has also held positions such as Country Director, Center for International Private Enterprise, an affiliate of US Chamber of Commerce, Executive Director Pakistan Reinsurance Company and Client Executive, Stewart Wrightson, Lloyds Insurance Brokers.

    In 1989, he was presented with the Best Managers Award by the Institute of Business Administration (IBA). In 1990, NZ Commemoration Medal was conferred on him by the Queen of New Zealand and in 2002, he was recognized as the Honorary Officer of the New Zealand Order of Merit (ONZM). In 2006, he was conferred the coveted Sitara-e-Imtiaz by the President of Pakistan.

    Mr. Fudda’s other professional affiliations were:

    MoinMFudda_Affiliations

     

  • Ms. Huma Pasha, FCA, CIA, CRMA & CICA - Independent Director

    Ms. Huma is currently serving as the Senior Partner at Usmani & Co. and brings with her over 35 years of local and international working experience with various national and global institutions including Citibank, Hub Power Company and Dawood Hercules group in several management capacities. Besides this, she is a professional trainer and has been carrying out workshops, seminars and conferences at various reputable institutions. She is highly passionate for training services and more frequently indulge herself in various trainings on Directors training, Board performance evaluation, risk based internal audit including role of Internal Audit in connection with Ethics and Fraud, and sustainable business propositions etc.

    Huma has served on the Audit Committee of the State Bank of Pakistan Banking Services Corporation and carried out quality assurance review of State Bank of Pakistan’s Internal Audit and Compliance Department. She has also served on the Quality Assurance Board of ICAP and several of their Committees and was highly active with the Institute of Internal Auditors Global and Institute of Internal Auditors International Board. She was the first Chairperson of the Chartered Accountants Woman’s Forum of ICAP.

    She is a Chartered Accountant by profession and has obtained various certifications including Certification in Risk Management Assurance; Internal Controls and Internal Audit.

  • Ms. Aminah Zahid Zaheer - Independent Director

    Ms. Aminah is the Managing Director of Zahid Zaheer & Associates, a multi-disciplinary, reputable management consultancy firm based in Karachi. Prior to relocating to Pakistan, Ms. Aminah was employed with The Body Shop International Pte Ltd where she held the position of Regional Finance Director for Asia Pacific, based out of Singapore. Ms. Aminah holds over 30 years of diverse working experience with some of the world’s largest FMCG firms – namely Unilever, Johnson Wax, Johnson & Johnson, L’Oreal SA and The Body Shop.

    Ms. Aminah has acquired over 15 years of Boardroom experience and has served on diverse boards of various Private Limited companies as well as Listed Companies, both as an Executive Director and as an Independent Director. She completed the Directors Training Program on Corporate Governance from PICG initially in 2007, followed by a refresher course in 2018 and is certified by PICCG on Corporate Governance Leadership Skills.

    Ms. Aminah completed Masters in Business Administration from The Institute of Business Administration (IBA) Karachi in 1990 with a major in Finance. During the course of her professional journey she has also completed innumerable training courses with INSEAD in France, with the CFA Institute in Singapore and with The Johnson Learning Institute and Cornell University in USA.

  • Mr. Rehan Rahman - Chief Executive Officer

    Mr. Rehan Rahman was appointed Chief Executive Officer of Feroze1888 Mills in April 2016 and has recently been re-appointed for the fourth term effective August 2023. He brings with him an extensive and cross functional hands on experience of now over 20 years in Feroze1888 and legacy companies. Rehan became the first CEO of Nakshbandi Industries Limited (NBIL) after its acquisition by Feroze Textile Mills Limited in 2010 and played an instrumental role in the integration process and transformed a deteriorating unit into a gradually performing unit.

    As Chief Executive Officer, Rehan leads Feroze1888 Mills in its purpose: “Weaving a Better World” with a commitment to drive the organization forward with his progressive mindset. Mr. Rahman’s levelheadedness and the courage to provide opportunities to his team – to succeed even when the responsibility lies with him – has bred a culture of authority with responsibility in the organization and mutual respect at the heart of it all. During his tenure as a CEO of Feroze1888 Mills since April 2016, the Company has achieved many milestones; from highest ever sales revenue and profitability, capacity enhancements, HR development programs – to winning multiple customer and sustainability awards, locally and internationally. Across all his roles, Mr. Rahman has delivered objectives consistently by focusing on driving high-quality and disciplined execution, ensuring there is strong focus on doing the right thing across the organization, and developing strong teams by setting clear objectives.

    Besides focus on business, the cause of the wider community is central to his vision. He focused the concept of exposure to university students – Feroze1888 stands as one of the most sought after manufacturing and commercial organization for providing first-hand practical knowledge & vocation to students. Over the years, he has also led the Company to participate in various charitable activities and steered the Company and the employees too, to contribute to the society at large.