It is my privilege to write to you once more. This year is special, for Engro celebrates its 50 years of existence and I want to take this opportunity to thank you for reposing your confidence in me as Chairman of Engro Corporation. It is a distinct pleasure for me to express my gratefulness to you for the enduring trust and support that you have given me these many years.
Hussain Dawood
Chairman
It is a distinct pleasure for me to express my gratefulness to you for the enduring trust and support that you have given me these many years.
It is my privilege to write to you once more. This year is special, for Engro celebrates its 50 years of existence. Therefore, rather than sharing the achievements and results in this letter which have either been covered in the Directors Report, or that you can easily Google, I want to share with you what Engro Corporation means to me.
In 1965, Esso-Mobil laid the foundations of enabling excellence in Pakistan. Today I write to you not as Chairman of Engro Corporation, but as a Pakistani who has spent most of his life wondering why our great country has not produced many globally competitive companies.
When Dawood Hercules Group (DH) decided to become the largest shareholder of Engro Chemicals in 2002, I was excited but also apprehensive. It was my mission to harmonize the institutionalized culture of Engro with the entrepreneurial capabilities of DH. For Engro to become globally competitive, it was essential to synergize capital and best talent to solve some of the most important national problems.
It was my mission to harmonize the institutionalized culture of Engro with the entrepreneurial capabilities of DH.
Looking back, after almost two decades, I am extremely happy to share that investing in Engro has turned out to be one of the most defining decisions of my life, not only because the investment significantly contributed to the growth of our economy through profitable operations, but more importantly because Engro produced some of the finest professionals Pakistan has ever seen. Today our ex-colleagues are leading some of the most influential organizations in the country.
As Engro turns fifty, the challenges and opportunities that we face are even more demanding.
I have tremendous faith in the people of Engro. It is my constant endeavor to seamlessly integrate the institutional culture with an entrepreneurial mindset by having a shared common purpose and most importantly, by establishing mutual trust.
We have a very exciting future ahead, and I am confident that if we keep our focus on addressing and solving big problems which affect our country, we will Insha'Allah inspire a trend which will produce many globally competitive companies like Engro.
Today I want to thank you for reposing your confidence in me as Chairman of Engro Corporation. It is a distinct pleasure for me to express my gratefulness to you for the enduring trust and support that you have given me these many years.
Our shared business vision is to passionately and professionally resolve critical societal issues.