ISLAMABAD: On Wednesday the Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDCL) appointed Ahmed Hayat Lak, General Manager (Legal Services) as new Managing Director (MD) and Chief Executive Officer (CEO) with immediate effect.
According to an officer’s order, OGDCL board in its 255th meeting held on Wednesday resolved that Lak shall look after the office of MD and CEO with immediate effect until further orders and shall perform the duties and functions of the office accordingly.
“We are confident that he will utilise his skill set and multi-dimensional corporate experience to serve in this position,” said Shahzad Safdar, Executive Director (HR and Admin), in an office order circulated within OGDCL.
According to sources, Lak has officially assumed charge as the top man. Prior to this, Lak was working as Company Secretary/Spokesman of OGDCL.
Additionally, he has also played an important role in the drafting of the Reko Diq agreement with the Canadian company Barrick Gold Corporation saving Pakistan from paying penalties worth billions of dollars, added sources.
It is pertinent to mention that Lak’s predecessor, Syed Khalid Siraj Subhani was appointed as acting Managing Director of OGDCL in October 2021. Now the company has officially filled the highest seat in one of Pakistan’s biggest state-owned companies.