Board of Directors


Sung Soo Bae
Chairman
Tenure

Appointed to the Board on 14 February 2024 for the term to expire on 22 June 2026

Board and Committee Activities

Chairman
Member HR and Remuneration Committee

Outside Interests
None
Career

Mr. Bae is currently Senior Director of Aromatic Business division for Lotte Chemical Corporation, South Korea.

He started his career with Honam Petrochemical Corporation in 1990 and became Managing Director of Lotte Chemical (Jiaxing) Corporation in 2013. He has also served as Head of Performance Material Business Unit and PP (Poly Propylene) division at Lotte Chemical Corporation. He was appointed as Managing Director of Lotte Chemical Shanghai Co., Ltd in 2020.

Mr. Bae graduated from Kukmin University, South Korea, majoring in Business Information Systems in 1988.


Mr. Young Dae Kim
Chief Executive
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026
Board and Committee Activities

Chairman Shares Sub Committee
Member HR & Remuneration Committee

Outside Interests
None
Career

Mr. Kim has been working with LOTTE Chemical Corporation, South Korea since 1997, spending his first 11 years in Quality Assurance, Logistics and Shift control team at Ulsan Plant.

Mr Kim graduated from Ulsan University South Korea, majoring in Chemistry, in 1997.

He is a certified Director of Corporate Governance from Pakistan Institute of Corporate Governance (PICG).


Kyung Hoi Yoo
Non-Executive Director
Tenure

Appointed to the Board on 14 February 2024 for the term to expire on 22 June 2026

Board and Committee Activities

Member, Shares Sub Committee

Outside Interests
None
Career

Mr. Yoo is currently working as Leader, Global Management Team for LOTTE Chemical Corporation, South Korea.

 

 

 

He joined Honam Petrochemical Corporation in 2005. He has been associated with Polymer market planning team and Uzbek Premarketing TFT team.  In 2017, he was appointed as Manager, Global Management Team.


Mr. IL Kyu Kim
Non-executive Director
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026
Board and Committee Activities

Member, Audit Committee

Outside Interests
None
Career
Mr. IL Kyu Kim is currently Managing Director of Aromatic Business Unit for LOTTE Chemical Corporation, South Korea.  Prior to this, he had been associated with Polymer Sales Business Unit for more than 11 years. He has also worked in PC (Poly Carbonate), MMA (Methyl Methacrylate), and PP (Poly Propylene) sales units.
Mr. Kim has versatile experience of more than 29 years of working with petrochemical companies in South Korea. He holds a Bachelor’s degree in International Trade from Dongkuk University in South Korea.

Ms. Jae Sun Park
Non-executive Director
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026
Outside Interests
Director, Lotte Chemical Titan, Malaysia
Career
Ms. Jae Sun Park joined Lotte Chemical Corporation, South Korea, as a legal counsel in 2012 and assumed her role as General Counsel of the Legal Affairs Team in 2015. Prior to that, as an in-house legal counsel, she worked for a US based global finance company, AIG Korea from 2009 to 2010. Also, she had experience in a government agency, the Press Arbitration Commission, South Korea, from 2004 to 2007.
Ms. Park is a qualified and licensed lawyer in New York State as well as South Korea. She acquired LLB from Yonsei University in 1998 and got LLM Degree in Business Law at UCLA (University of California Los Angeles) in 2011, and got LLM degree in International Commercial Law from the University of London in 2009.
Ms. Park has previously served as a non-executive Director on the Company’s Board from April 2018 to February 2020.

Mr. Shabbir Diwan
Non-executive Director
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026
Outside Interests

Chief Executive, Gatron (Industries) Limited

Chief Executive, Gatro Power (Pvt) Ltd

Director, Novatex Limited

Director, Global Synthetics Limited

Director, G-Pac Energy (Pvt) Ltd

Director, Nova Frontiers Limited

Director, Nova Care (Pvt) Ltd

Chairman & Director, Pakistan Business Council

Chief Governor, Gatron Foundation

Member, Board of Governors – Patients Aid Foundation

Member, Board of Governors – Memon Health & Education Foundation

Career

Mr. Shabbir Diwan is an MBA from Institute of Business Administration, University of Karachi. He is a member of the Board of Governors of Patients Aid Foundation of JPMC, the 2nd largest Government Hospital in Karachi. He is also the Chairman of the Pakistan Business Council. In addition, he is a member of the Board of Governors of Memon Health and Education Foundation.

 

He is also an Executive Director of Novatex Limited – producer and exporter of PET Resin, PET Preforms, and BOPET Films.


Mr. Rashid Ibrahim
Independent Director
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026
Board and Committee Activities

Chairman Audit Committee
Chairman HR & Remuneration Committee

Outside interests

Director, Saif Textile Mills Limited

Director Saif Power Limited

Director Human Development Foundation

Career

Mr. Rashid Ibrahim, FCA has more than 40 years of diversified experience of serving various industries as a consultant including but not limited to Electric Power Generation, Telecommunication, Oil and Gas Exploration and Production etc.

He is a Chartered Accountant by Profession and a Fellow member of ICAP. He graduated from Hailey College, Lahore and completed his training with KPMG Taseer Hadi & Co. He remained Partner of various professional firms including Coopers & Lybrand and A.F. Ferguson & Co (a member firm of PwC).

He is at present Senior Partner, Septentrio Global Consulting. He was the Vice President of the ICAP and also served as a council member of ICAP for a 4 years term. He served Rawalpindi Islamabad Tax Bar Associations as a Senior Vice president and a Vice President. His major area of expertise is Taxation and Corporate Consultancy.


Mr. Khurram Rashid
Independent Director
Tenure
Appointed to the Board on 23 June 2023 for the term to expire on 22 June 2026.
Board and Committee Activities

Member Audit Committee

Outside interests

None

Career

Mr. Khurram Rashid is a Barrister-at-Law with a strong background in corporate and commercial law, intellectual property, employment law, foreign investment, banking, aviation, admiralty and shipping, and insurance laws. With over 22 years of standing, he has extensive litigation experience at High Court, District Courts, Labour Courts, Services Tribunal, and Banking Courts.

He is currently working as the Lead Counsel at K-Legal Law Firm since July 2016. Prior to that, he served as a Partner at Surridge & Beecheno Law Firm from July 2006 to June 2016 and as an Associate at various law firms, including Surridge & Beecheno Law Firm, Usmani & Iqbal Law Firm, and CR Law Chambers.

In addition to his professional work, Khurram Rashid has also been involved in the academic field as a Visiting Faculty at various prestigious institutions, including the University of Karachi – SM Law College, University of London – Lecole Institute and Themis Institute, and Institute of Business Administration (IBA).

He holds a Bar-at-law qualification from the Honourable Society of the Lincoln’s Inn, UK, and an LLB (Hons) degree from the University of Buckingham, UK. He has also completed corporate electives from McGill University, Montreal, Canada, and an Advanced Advocacy Course from Keble College, Oxford University, UK.

Khurram Rashid has worked with numerous clients, including government institutions like the Securities & Exchange Commission of Pakistan and the Competition Commission of Pakistan, as well as prominent companies such as Pakistan Television Corporation, Pakistan Telecommunication Company Limited, Karachi Port Trust, and multinational corporations like Visa Worldwide Singapore Pte and Coca Cola Bottlers Pakistan Limited.

His recent transactional work includes advising companies on joint ventures, acquisitions, and renewals of liaisons offices. He has also been involved in employment law matters, intellectual property work including trademark and copyright registrations, and handling a wide range of litigation cases for various clients.

Last Updated on March 20, 2024