Board of Directors

Mr. Mustapha A. Chinoy

Chairman (Non–Executive)
Director Since: February 23rd, 1998
Chairman Since:
September 30th, 2016

Mr. Mustapha A. Chinoy holds a B.Sc. in Economics from Wharton School of Finance, University of Pennsylvania, USA and has majored in Industrial Management and Marketing. Thereafter, he served as Marketing Manager, at International Industries Limited. He is currently the Chairman of International Industries Limited and Pakistan Cables Limited, and a director on the Board of Crea8ive Bench (Private) Limited, Global E-Commerce Services (Private) Limited, Global Reservation (Private) Limited and Travel Solutions (Private) Limited. He is the Chief Executive Officer of Intermark (Private) Limited. He has previously served on the Board of Union Bank Limited until it was acquired by Standard Chartered Bank.

Mr. Adnan Afridi

Independent Director
Director Since: February 18th, 2019

Mr. Adnan Afridi graduated with high honors from Harvard University with a degree in Economics and from Harvard Law School with a J.D. He has 23 years global and Pakistan based experience in Change Management, business transformation, innovation and profitability enhancement in blue chip companies, public-sector and start-up situations. Industry experience includes Capital Markets, Private Equity, Financial Services, Real-Estate, Health Care, Natural Resources, Technology and Food sectors, operating in CEO roles with Board level representations. Functional experience focuses on Governance, Strategy, Negotiation/Structuring, Corporate Planning, Group Company management, Public Relations and large scale talent building.

Previously he was a director at Silkbank Limited, Gul Ahmed Textile Limited and Trading Corporation Pakistan. He has also served as Managing Director of the Karachi Stock Exchange Limited, CEO of the Tethyan Copper Company (Private) Limited and CEO of the OICCI.

He is currently the Managing Director of NITL. In addition to being on the board of IIL, he is a director at Bank Al Habib Limited, Bulk Transport Company (Private) Limited, Dynea Pakistan Limited and Mari Petroleum Limited. He also serves as the Chairman of the Board of Governors of The Kidney Centre Institute and is a Member of the SECP Policy Board.

Mr. Kamal A. Chinoy

Non-Executive Director:
Director Since: February 6th, 1984

Mr. Kamal A. Chinoy is a graduate of the Wharton School, University of Pennsylvania, USA. He is the Chairman of Jubilee Life Insurance Company Limited and serves as a director on the Board of Atlas Power Limited, Askari Bank Limited, ICI Pakistan Limited, International Industries Limited, International Steels Limited, NBP Fund Management Limited and Pakistan Cables Limited. He has recently retired from the position of CEO of the Pakistan Cables Limited after 27 years.

He is also Honorary Consul General of the Republic of Cyprus. Mr. Kamal A. Chinoy is a member of the Executive Committee of the International Chamber of Commerce (ICC) Pakistan and Past President of the Management Association of Pakistan (MAP).

He has previously served as Chairman of the Aga Khan Foundation (Pakistan). He has also served as a Director of Pakistan Security Printing Corporation, Atlas Insurance Ltd, First International Investment Bank and Pakistan Centre of Philanthropy. He has also served on the Undergraduate Admissions Committee of the Aga Khan University, the University of Pennsylvania Alumni Committee for Pakistan and on the Board of Governors of Army Burn Hall Institutions.

Mr. Azam Faruque

Non-Executive Director
Director Since: November 26th, 2009

Mr. Azam Faruque is the Chief Executive Officer of Cherat Cement Company Limited, a Ghulam Faruque Group (GFG) company. He holds a graduation degree in Electrical Engineering and Computer Science from Princeton University, USA, and also possesses an MBA (High Honors) from the University of Chicago Booth School of Business, USA. He has spent 30 years in the cement industry and other GFG businesses. He has also served as a member on the boards of Privatization Commission of the Government of Pakistan, National Bank of Pakistan and Oil and Gas Development Corporation Limited. He has also served as a member of the Board of Governors of GIK Institute and was a member of the National Commission of Science and Technology. Currently, he is also a director of Atlas Battery Limited, Faruque (Private) Limited, Greaves Pakistan (Private) Limited, Indus Motors Company Limited, Unicol Limited, Habib University Foundation and State Bank of Pakistan.

Mr. Fuad Azim Hashimi

Non-Executive Director
Director Since: June 22nd, 2005

Fuad Azim Hashimi is a fellow of the Institute of Chartered Accountants in England and Wales and currently heads Pakistan Business Council’s Centre of Excellence in Responsible Business. Through leadership of the Pakistan Institute of Corporate Governance from 2007 till 2016, he played a key role to further corporate governance practices in Pakistan. He is a member of the Private Sector Advisory Group of International Finance Corporation, World Bank Group and of the United Nations ESACP Sustainable Business Network as well as a regular participant, moderator and speaker at OECD’s Asian Roundtable on Corporate Governance and Asia Network on Corporate Governance in State-Owned Enterprises.

His career over the past 53 years has provided him with a strong foundation in public accounting (he was a partner for 10 years in A. F. Ferguson & Co, a member firm of PricewaterhouseCoopers) as well as management of diversified business and commercial ventures, in Pakistan and abroad, ranging from banking, office automation and information technology to mutual funds. He has added experience with a development finance institution providing venture capital to the private sector that involved monitoring industrial projects to ensure correct use of the funds provided by World Bank and Asian Development Bank.

Hashimi’s other appointments include directorship on the Board of Directors of Faysal Bank Limited (one of the scheduled banks engaged in Commercial, Retail, Corporate and Islamic banking activities in Pakistan). He has previously held directorships on the boards of Clariant Pakistan Limited (the Pakistan subsidiary of a global chemical company), Indus Valley School of Art and Architecture, National Refinery Limited (the largest refinery in Pakistan producing Lube Base Oils), Pakistan Cables Limited (the premier cable manufacturer and market leader in Pakistan now part of General Cables Group), and of Pakistan Security Printing Corporation of Pakistan (the state-owned enterprise that produces currency notes and security paper) and Burj Bank Limited, since merged with Al Baraka Bank (an Islamic Bank in which Islamic Development Bank held equity interest through its investment company ICD) where he was additionally the Chairman of their Audit Committees.

Mr. Tariq Ikram

Independent Director
Director Since: September 8th, 2011

Mr. Tariq Ikram (SI), holds a Bachelors in Sciences and Masters in English Literature in 1967 from the then Government College Lahore. He studied International Relations, US History and British History and then qualified the CSS exam in 1969-70. However, he decided not to join government service and opted for the private sector. In 1970 joined Reckitt & Colman, presently Reckitt Benckiser (Private) Limited, where he rose to the level of CEO in 1983. Later, he was entrusted with larger responsibility as Regional Head and progressed to becoming responsible for a wide territory from Pakistan to North Africa, covering 31 countries.

His vast experience includes directorship on the Boards of Reckitt Benckiser, Reckitt and Colman Nigeria (Private) Limited, Robinsons Foods (Private) Limited, Bangladesh, Atlantis (Private) Limited, Egypt, Karachi Port Trust, K-Electric (formerly known as KESC) and Pakistan Petroleum Limited (PPL). He has also been the Chairman of Reckitt & Colman Egypt (Private) Limited and Chairman & CEO of Expo Lahore (Private) Limited.

Currently, in addition to International Industries, he serves on the Boards of Habib Metropolitan Bank Limited and Tasha Enterprises (Private) Limited. He is also the Chairman of the HR Committees of the Boards of the Habib Metropolitan Bank and International Industries Limited. He is also the Chairman of the Board of Transkarachi Private Limited. of the Sindh Government.

Mr. Ikram has served in prestigious positions as the elected President of the Overseas Chamber of Commerce and Industry, Management Association of Pakistan and Marketing Association of Pakistan. He founded the Pakistan Advertisers Society (PAS) and Pakistan Research Society and was the founder President of both. Mr. Ikram was invited by the President of Pakistan to join the government in year 2000 as a Federal Minister of State and Chairman of the then Export Promotion Bureau. Later he was appointed as the Chief Executive of Trade Development Authority of Pakistan, member of the Economic Co-ordination Committee of Pakistan and President of the Textile Institute of Pakistan, a prestigious institute offering five degree courses in textiles and apparel.

Mr. Ikram was awarded Sitara-e-Imtiaz by the President of Pakistan and received honorable mention in the book authored by General (R) Pervez Musharraf ‘In the Line of fire’. He was awarded Gold medals for his services by the Federation of Chamber of Commerce and Industries and the Rice Exporters Association of Pakistan.

Presently, he is also a visiting faculty and speaker at Pakistan Institute of Corporate Governance, Institute of Business Administration Karachi, Lahore University of Management Sciences, Lahore National Management College, National Institute of Management and the National Defence University.

In pursuit of his philanthropic aims, Mr. Ikram has established the 'Tasha Trust'. The first project of the Trust is 'Saiya Homes', an orphanage in Jhelum. He is the Chairman and Managing Trustee.

Mr. Ehsan A. Malik

Independent Director
Director Since: September 30th, 2016

Mr. Ehsan A. Malik is a certified director from the Pakistan Institute of Corporate Governance (PICG). Mr. Ehsan A. Malik is currently serving as the Chief Executive Officer of Pakistan Business Council. Mr. Malik was the Chief Executive Officer of Unilever Pakistan Limited from 1st September 2006 to 31 October 2014, and also a Director of Unilever Pakistan Foods Limited. Prior to this he was Chairman and CEO, Unilever Sri Lanka Limited. His earlier international appointments covered Unilever’s regional business in Egypt, Lebanon, Jordan, Syria and Sudan as well as Unilever’s Head Office in UK. These preceded senior commercial and financial roles at Unilever Pakistan. He is also a Member of the Board of Directors of Abbott Laboratories Pakistan Limited, Gul Ahmed Textiles Limited and National Foods Limited. Mr. Malik is a Fellow of the Institute of Chartered Accountants of England and Wales and alumni of the Wharton and Harvard Business Schools.

Mr. Jehangir Shah

Independent Director
Director Since: September 30th, 2016

Mr. Jehangir Shah has forty (40) years of experience in commercial banking, private & personal banking and leasing. He has had overseas work experience in UAE, Egypt and Brazil. Prior to joining Pak Oman Investment Company as Deputy Managing Director in 2008, Mr. Shah served as Country Manager-Pakistan of Oman International Bank SAOG and as Managing Director and CEO of Capital Assets Leasing Corporation Limited (Calcorp). His former employments include those of Executive Director at Pak Gulf Leasing Company Limited; Habib Credit and Exchange Bank and Bank of Credit and Commerce International. Mr. Shah also looks after the Investment Banking Division at Pak Oman. Mr. Shah is a Director of Pak Oman Asset Management Company Limited and an Independent Director of International Industries Limited.

Mr. Riyaz T. Chinoy

Chief Executive Officer Since: August 11th, 2011
Director Since: August 30th, 2007

Mr. Riyaz T. Chinoy was appointed as the Chief Executive Officer on 12th August 2011, after serving the Company since 1992 in various positions. By profession he is a qualified Industrial Engineer and has obtained a B.Sc. in Industrial Engineering, from Case Western Reserve University, USA. He is also a certified ISO 9001 Lead Auditor and a Certified Director from the Pakistan Institute of Corporate Governance.

He has had extensive experience of all processes ranging from production, operations, supply chain, quality management systems and projects. His previous employment was with Pakistan Cables Limited. He has served as the Chairman of the Landhi Association of Trade and Industry and Amir Sultan Chinoy Foundation and is a member of the Pakistan-India CEO’s Business Forum, Pak-Australia Business Forum, The Institute of Industrial Engineers Pakistan and the Pakistan Engineering Council. He is also the Chairman of IIL Australia Pty Limited, a fully owned subsidiary of IIL and of the Pakistan Institute of Corporate Governance. He is also a Non-Executive Director on the Board of International Steels Limited, Bulleh Shah Packaging (Private) Limited, Pakistan Business Council, Management Association of Pakistan, The Citizens Foundation, LITE Development and Management Company and Citizens Trust Against Crime.