Mian Hassan Mansha
Chairman Non-Executive Director
Mian Hassan Mansha
Chairman Non-Executive Director
Mian Hassan Mansha has over 25 years of diversified experience and has been serving on the Board of various listed and unlisted companies. Currently he is serving on the Boards of Nishat Power Limited, Security General Insurance Company Limited, Lalpir Power Limited, Nishat Hotels and Properties Limited, Nishat (Aziz Avenue) Hotels and Properties Limited, Nishat (Raiwind) Hotels and Properties Limited, Nishat Dairy (Private) Limited, Pakistan Aviators and Aviation (Private) Limited, Nishat Real Estate Development Company (Private) Limited, Nishat Agriculture Farming (Private) Limited, Hyundai Nishat Motor (Private) Limited, Nishat Developer (Private) Limited, Nishat Packaging Limited and NexGen Auto (Private) Limited.
He is also serving as Chief Executive Officer of Pakgen Limited (formerly Pakgen Power Limited) and is an Honorary Consul of Brazil in Pakistan
Michael Fergus O’Riordan
Non-Executive Director
Michael Fergus O’Riordan
Non-Executive Director
He joined the Board of Rafhan Maize on March 3, 2021, and represents Ingredion Incorporated, the parent company. At Ingredion Incorporated, he is the Regional President, EMEA and has responsibility for the growth and commercial success of the business in Pakistan, Europe, the Middle East, and Africa. Prior to 2021, he was based in the USA leading different strategic, acquisition integration, and specialty growth assignments.
He holds a Master’s Degree in Chemical and Process Engineering from Newcastle University in the UK; and a Master’s Degree in Business Administration from the Maastricht School of Management in the Netherlands and Washington D.C. University in the USA.
Mr. Marcel Hergett
Non-Executive Director
Mr. Marcel Hergett
Non-Executive Director
He joined the Board of Rafhan Maize on March 25, 2026 and represents Ingredion Incorporated, the parent company. At Ingredion, he is Senior Finance Director, EMEA since April 01, 2019.
He holds a University Degree of Accountancy and Tax from University of Cologne, Albertus-Magnus-Platz, Köln, Germany.
Humair Ijaz Ahmed
Chief Executive & Managing Director
Humair Ijaz Ahmed
Chief Executive & Managing Director
Mr. Humair Ijaz joined the Board of Rafhan Maize on May 16, 2022. He has over 28 years of experience. Before joining RAFHAN Maize, he has been working with ICI since 1993 in various businesses including Paints, Soda Ash, Pharmaceuticals, and PTA.
He has in-depth experience in Supply Chain, IT, and Sales. He played an important role in reshaping the commercial activities of the PTA Business and in 2015 he was appointed as Chief Executive of LOTTE Chemical Pakistan Limited. The company made a great turnaround in operations and profitability during his tenure.
He completed his Bachelor’s in Electrical Engineering and MBA (Finance) from Virginia Tech, USA, and is a certified Director of Corporate Governance from the Pakistan Institute of Corporate Governance (PICG).
Mr. Mikail Raza Mansha
Non-Executive Director
Mr. Mikail Raza Mansha
Non-Executive Director
Mr. Mikail Raza Mansha is an entrepreneur with a strong track record in the real estate and emerging market startup sectors across the United States. He holds a Bachelor's degree in Business Administration from Berkeley College, New York, and experience in operational management which laid the foundation for his analytical and strategic approach to business.
Over the course of his career, Mr. Mikail has established and grown successful business ventures in both Boston and New York City, demonstrating a sharp eye for market opportunities and a commitment to sustainable growth. His work spans property investment and development alongside innovative financial technology initiatives, reflecting his ability to operate at the intersection of traditional industry and emerging markets.
Driven by the values of integrity, excellence, and entrepreneurial vision, Mr. Mikail continues to build on his diverse business interests. His hands-on experience, combined with a strategic approach, positions him as a seasoned and forward-thinking leader in the corporate and business landscape.
Mian Umer Mansha
Non-Executive Director
Mian Umer Mansha
Non-Executive Director
Mian Umer Mansha received his Bachelor’s degree from Babson College, Boston, USA and has been serving on the Board of Directors of various listed companies and its Board Committees for more than 30 years.
Currently He has been serving on the following Companies:
• MCB Bank Limited
• Nishat Mills Limited
• Adamjee Insurance Company Limited
• Adamjee Life Assurance Company Limited
• Nishat Hotels & Properties Limited
• Nishat Developers (Pvt) Limited
• Nishat (Raiwind) Hotels and Properties Limited
• Nishat Dairy (Pvt) Limited
• Nishat Agriculture Farming (Pvt) Limited
• Hyundai Nishat Motor (Pvt) Limited
• Nishat Agrotech Farms (Pvt) Limited
• Nishat Sutas Dairy Limited
• National Textile Foundation
• MCB Non-Bank Credit Organization, CJSC, Azerbaijan
Dr Maleeha Lodhi
Non-Executive Director
Dr Maleeha Lodhi
Non-Executive Director
Maleeha Lodhi has served as Pakistan’s Ambassador and Permanent Representative to the United Nations in New York (2014-2019) the first woman to represent Pakistan at the UN.
She twice served as Pakistan’s Ambassador to the US (1993-1996, 1999-2002) and as High Commissioner to Britain (2003-2008), the only woman from Pakistan to serve in that position.
She also served as a member of the UN Secretary General’s Advisory Board on Disarmament Affairs from 2001 to 2005.
She was the first woman in all of Asia to become the editor of a national daily newspaper. In 1994, Time magazine nominated her as one of a hundred people in the world who will help shape the 21st century, the only one from Pakistan.
Dr. Lodhi was a Public Policy Scholar at the Woodrow Wilson Center for International Scholars in Washington in 2010 and a Fellow at Harvard University’s Kennedy School in 2008.
She is the recipient of the President’s award of Hilal-e-Imtiaz for Public Service in Pakistan.
She is the author of two books: ‘Pakistan’s Encounter with Democracy’ (1994) and ‘Pakistan: Internal and External Challenges’ (2004). She is also the editor of ‘Pakistan: Beyond the “Crisis State”’ and her latest, ‘Pakistan: Search for Stability’, both published by C Hurst, London and OUP, Karachi.
She did her BSc (Econ) from the London School of Economics and also received her PhD in Political Science from there. She taught at the LSE for five years and for a year at Quaid e Azam University.
She received an Honorary Fellowship from the London School of Economics in 2004.
She also received an Honorary Degree of Doctor of Letters from London Metropolitan University in 2005.
She has written extensively in international academic journals as well as publications including The Economist, Financial Times, New York Times and The Guardian.
I. U. Niazi
Non-Executive Directors
I. U. Niazi
Non-Executive Directors
Mr. Niazi is a Commerce Graduate and a Chartered Accountancy (C.A.) Inter professional with over 42 years of extensive experience, all of which has been with D. G. Khan Cement Company Limited (DGKC). Throughout his distinguished career, he has played a pivotal role in managing and supervising financial operations, particularly during major expansion and development phases of the company.
He successfully led the financial management of DGKC’s plant expansion in 1996 and was instrumental in arranging critical financing for the establishment of new cement plants at Khairpur (2007) and Hub (2018). In addition, he oversaw the financial arrangement to set-up the Paper Packaging Plant at Khairpur and the Polypropylene Plant at Sheikhupura Industrial Estate. His professional expertise encompasses accounting, taxation, auditing, finance, treasury management, budgeting, and strategic planning.
Mr. Niazi has been a key negotiator and representative in high-level financial transactions with international financial institutions, development organizations, and export credit agencies, including the International Finance Corporation (USA), Commonwealth Development Corporation (United Kingdom), ECO Trade and Development Bank (Turkey), Dubai Islamic Bank (UAE) and European Investment Bank (Luxembourg).
He has served as a Director on the Boards of several prominent organizations, including D. G. Khan Cement Company Limited, Lahore Stock Exchange, National Clearing Company of Pakistan Limited, Security General Insurance Company Limited, and LSE Financial Services Limited.
He currently holds the positions of Director Finance and Chief Financial Officer at D. G. Khan Cement Company Limited and Nishat Packaging Limited.
Presently, Mr. Niazi serves as a Director on the Boards of Nishat Hotels & Properties Limited, Nishat (Aziz Avenue) Hotels & Properties Limited, Nishat (Raiwind) Hotels & Properties Limited, Nishat Energy Limited, Lalpir Power Limited, and Pakistan Aviators and Aviation (Private) Limited.
Other Accomplishments
• Completed workshops, training courses, and seminars from LUMS, PIM, and ICAP.
• Participated in international investor conferences held in London, New York, Washington, Hong Kong, UAE, Singapore, and Sri Lanka.
• Successfully completed the Directors’ Training Programme Certification in June 2014.
Saad Raja
Non-Executive Director
Saad Raja
Non-Executive Director
Saad Raja is an engineer from UET, Lahore with an MBA from the London Business School. He
was a Managing Director with DFJ ePlanet Ventures, prior to which he had worked at senior
management levels in the international asset management and investments sector. His diverse
experiences have included tenures with Daiichi Life Mizuho Asset Management and Industrial
Bank of Japan – Asset Management International. He formerly held directorships at both Engro
Corp. Ltd. and Dawood Hercules Corp. Ltd.
Shazad G. Dada
Non-Executive Director
Shazad G. Dada
Non-Executive Director
Shazad Dada is a prominent banking and capital markets professional with over 30 years of distinguished experience with renowned financial
institutions in the United States and Pakistan. His transaction and advisory experience (over USD 125B) have encompassed a broad range of
corporate and public sector clients & transactions including Mergers, IPOs, LBOs, Tender and Exchange Offers and Joint Ventures. In addition to
his capital markets expertise, Shazad has led the retail and commercial banking businesses of some of Pakistan’s largest local and multinational
banks, spearheading digital transformation, driving Islamic banking growth, and delivering record profitability.
Shazad started off in Deutsche Bank Securities Inc, New York and swiftly rose to the rank of Managing Director, Americas M&A, for Technology,
Media and Telecommunications. Subsequently, he moved to Pakistan as Chief Executive Officer for Deutsche Bank, where he turned around the
franchise’s profitability. Thereafter, he joined Barclays Pakistan as Managing Director and Head of Regional Transaction Services Steering
Committee for Asia, India, UAE and Pakistan. His last stint with an International Bank was as Chief Executive Officer for Standard Chartered
Pakistan, after which he decided to spearhead one of Pakistan’s premier banks, United Bank Limited. After a successful tenure at United Bank
Limited, Shazad founded Dada Partners (Private) Limited in 2023, a boutique advisory investment bank, specializing in M&A, corporate finance
and restructuring transactions. He currently leads the firm as the Managing Partner, advising major local and international clients on strategic,
large-scale, and impact-driven financial transactions.
Shazad has held esteemed positions such as President Overseas Investor Chamber of Commerce and Industry (OICCI) Pakistan, Chairman
Pakistan Bank’s Association, and Chairman Pakistan Mercantile Exchange. In 2025, he was nominated as the Chairman of the Mutual Funds
Association of Pakistan (subject to regulatory approval), the principal body representing Pakistan’s asset management industry, responsible for
promoting investor awareness, advocacy, and regulatory coordination. Additionally, he serves as Chairman, Board of Trustees for Development
in Literacy Pakistan, an organization thriving to provide low-cost, high-quality education to thousands of deserving children across Pakistan.
Additionally, Shazad is a Board Director for Mashreq Digital Bank Pakistan, the National Institute of Banking and Finance (a leading knowledge
institute under the State Bank of Pakistan), and the Kashf Foundation (a non-banking microfinance company). Previously, he served as Board
Director for Karachi Stock Exchange and Sui Southern Gas Company.
Shazad is a regular speaker at prestigious events on a wide range of topical themes including banking of the future, digitalization, financial
inclusion, diversity & inclusion and ESG. Shazad is a strong advocate for diversity and inclusion and in 2019, he was recognized as one of the top
10 HERoes Women Role Model.
Shazad is a graduate with honors from University of Pennsylvania with a Bachelors of Science and a Bachelors of Arts degrees, and also has an
MBA from the Wharton Business School, University of Pennsylvania.
Zulfikar Mannoo
Non-Executive Director
Zulfikar Mannoo
Non-Executive Director
He joined the Board in 1990. He is alumni of The Wharton School, the University of Pennsylvania, and Aitchison College, Lahore. He is a member of the Board’s Audit Committee. He is the Chief Executive of Pakwest Industries (Pvt.) Ltd., Lahore. He also holds a directorship of Unilever Pakistan Foods Ltd. and is a member of its Audit Committee, Human Resource & Remuneration Committee and Sustainability Committee.