Hussain Dawood
Hussain Dawood (born 20 September 1943) is a Pakistani businessman, investor, educationalist and philanthropist.[1] Dawood is the Chairman of two publicly listed companies in Pakistan: the Dawood Hercules Corporation and Engro Corporation.
Hussain Dawood حسین داؤد | |
|---|---|
Hussain Dawood | |
| Born | 20 September 1943 |
| Nationality | Pakistani |
| Alma mater | Northwestern University, US, University of Sheffield, UK |
| Occupation(s) | Chairman Dawood Hercules Corporation Limited Engro Corporation Karachi School for Business & Leadership The Dawood Foundation |
| Years active | 1968–present |
| Known for | The Dawood Foundation Karachi School of Business & Leadership (2010) Hussain Dawood Pledge (2020) |
| Spouse | Kulsum Dawood (m. 1968) |
| Children | Azmeh, Shahzada, Sabrina, Samad |
| Parent(s) | Ahmed Dawood, Mariam Dawood |
| Awards | Hilal-e-Imtiaz (2018) Officer of the Order of Merit of the Italian Republic (2008) |
Dawood is the Chairman of the Dawood Foundation (TDF) which focuses on creating collective change by building interactive spaces for formal and informal learning through projects such as the Dawood Public School in Karachi. He is also the Chairman of the Karachi School of Business & Leadership (KSBL), and a Director of the Islamabad Policy Research Institute.
Early life and education
Dawood was born in Bombay, British India (now Mumbai) into a Memon family. His father Seth Ahmed Dawood, a noted businessman, moved 1947 with the family to Karachi.
Dawood visited a school in Yorkshire. He studied Metallurgy at the Sheffield University from where he graduated in 1966. He went on to study at the Kellogg School of Management, Northwestern University, and received in 1968 an MBA.[1]
He is married to Kulsum. The couple has four children; Azmeh, Shahzada, Sabrina & Samad.
Career
Hussain Dawood joined after his studies the family business in Pakistan as Group Finance Director. He became in 1973 Managing Director of Dawood Lawrencepur, a public limited company specialising in textiles. In 1974, he joined the board of the family-run business, conducted significant merger and acquisition activities. In 1981, Dawood became Chief Executive Officer (CEO) of Dawood Hercules Chemicals Limited (the predecessor of Dawood Hercules Corporation).
In the late 1990s, he spearheaded the expansion of the company, including the acquisition of Engro Corporation. Following the death of his father he took over as Chairman of the Board of Dawood Hercules Corporation. In 2006, Dawood became Chairman of the Board of Engro Corporation, which specialises in a variety of industries, including fertilisers, polymers, food and energy. Other notable positions Hussain Dawood has held:
- Chairman of The Hub Power Company, HubCo (until 2018).[2][3]
- Chairman of Central Insurance (renamed to Cyan Limited)
- Chairman of Inbox Business Technologies
- Director of Pakistan Business Council
- Member of the Board of Beaconhouse National University
- Member of the Advisory Board of Dawood College of Engineering and Technology
- Member of the Advisory Board of Shaukat Khanum Memorial Cancer Hospital & Research Centre.
Dawood has expanded the business interests of his companies and is considered a business pioneer.[4][5] His experience consists of managing, supervising and controlling family businesses and chairing listed companies. This has involved a number of joint ventures over the years with European, US, Japanese and Chinese parties,[6] such as:
Philanthropy
Dawood is a philanthropist and has significantly donated to formal education, healthcare, and disaster relief in Pakistan. The Dawood Foundation is a private charitable trust formed in 1960. Hussain Dawood assumed the chairmanship of it in 2000. It operates various schools, other informal education project, and supports the Engro Foundation.
He is the founding donor[12] of the Mariam Dawood School of Visual Arts & Design at the Beaconhouse National University Tarogil Campus, in Lahore. The Dawood Foundation has assisted those affected by the tsunami of 2004, the 2005 earthquake, and the 2010 floods.[13]
Dawood is the Founder & Chairman of the Karachi School of Business & Leadership (KSBL),[14] a graduate management school, focusing on development of effective leaders.
During the COVID-19 pandemic outbreak in Pakistan, he pledged on behalf of the Corporations and his family in April 2020 a remarkable contribution in services, kind, and cash.[15]
Awards and recognition
- Officer of the Order of Merit of the Italian Republic (Ufficiale Ordine al Merito della Repubblica Italiana) (Italy) (2 June 2008).[16][17]
- Lifetime Achievement Award by the Marketing Association of Pakistan (2016).[18]
- Hilal-i-Imtiaz, Pakistan's third highest civilian award and honour (2018).[19]
References
- ^ a b Profile of Hussain Dawood on World Economic Forum website.
- ^ "DHC, Cyan sell Hubco shares at Rs105.12". Dawn Newspaper. 17 March 2018. Retrieved 19 May 2021.
- ^ "Mr. Hussain Dawood resigns as Board Chairman HUBCO". MG Link News. 28 March 2018. Retrieved 19 May 2021.
- ^ Hasan, Saad (28 September 2015). "The Dawoods' growing bet on Pakistan". The Express Tribune. Retrieved 19 May 2021.
- ^ "Hubco generation capacity doubles in six years: Chairman". Business Recorder. 17 March 2018. Retrieved 19 May 2021.
- ^ Nizami, Babar (26 December 2016). "Executive Decisions: Hussain Dawood comes clean on his investment strategy". Profit at Pakistan Today. Retrieved 19 May 2021.
- ^ "Engro closes deal giving Dutch giant Royal Vopak 29pc share in Elengy Terminal". Dawn News. 14 December 2018. Retrieved 19 May 2021.
- ^ Shephard, John (7 February 2017). . Just Food. Archived from the original on 12 May 2021. Retrieved 19 May 2021.
- ^ Yamada, Go (16 February 2017). "Snapshots of Pakistan's big shots". Nikkei Asia. Retrieved 19 May 2021.
- ^ "Engro Polymer and Chemicals Limited". Business Recorder. 8 April 2020. Retrieved 19 May 2020.
- ^ Hussain, Dilawar (30 April 2017). "Thar — giving back to the community". Dawn News. Retrieved 19 May 2021.
- ^ BNU unveils Rs 300m School of Visual Arts at New Campus, 19 June 2009, Daily Times, online: https://www.interface.edu.pk/students/June-09/Beaconhouse-National-University-Art-School
- ^ Alam, Kazim (4 February 2012). "Stress laid on social entrepreneurship to help poor". The Express Tribune. Retrieved 19 May 2021.
- ^ Saadat, Suleman (28 September 2011). "Karachi business school launches MBA with Cambridge's help". The Express Tribune. Retrieved 19 May 2021.
- ^ Shaikh, Najib (2 April 2020). "Karachi business school launches MBA with Cambridge's help". Business Recorder. Retrieved 19 May 2021.
- ^ "Italian award for Hussain Dawood". The News International. 5 December 2008. Retrieved 19 May 2021.
- ^ "Ministero Degli Affari Esteri" (PDF). Governo Italiano. Presidenza del Consiglio dei Ministri. Retrieved 30 July 2021.
- ^ "Hussain Dawood Receives Lifetime Achievement Award by MAP". The News International. 29 April 2016. Retrieved 19 May 2021.
- ^ "141 to get civil awards on Yaum-i-Pakistan". Dawn Newspaper. 16 May 2018. Retrieved 19 May 2021.
External links
- Dawood Hercules Corporation official website
- Hussain Dawood Pledge official website