Dewan Farooque Motors Limited (DFML) has appointed Ghazanfar Baber Siddiqi as Chairman of the Board of Directors and Waseem-ul-Haque Ansari as Chief Executive Officer (CEO), effective December 26, 2025, the company said in a notice to the Pakistan Stock Exchange (PSX) on Friday.
Waseem-ul-Haque Ansari is a graduate mechanical engineer from NED University of Engineering & Technology and brings more than 28 years of diversified experience in the automobile industry. He is currently serving as Chief Operating Officer at DFML.
In his present role, Ansari has been responsible for overseeing the overall vehicle assembly operations for the KIA and Hyundai brands under technical license agreements.
The newly appointed chairman, Ghazanfar Baber Siddiqi, holds two master’s degrees—an MSc in Inorganic Chemistry from the University of Karachi and an MBA in Marketing from The International University, Independence, Missouri, USA.
According to information available on the Yousuf Dewan Company’s website, Siddiqi’s dual academic background has enabled him to work across a diversified portfolio, including paints, chemicals, fibre, food commodities, and petrochemicals.
He has over 25 years of professional experience in senior leadership roles, ranging from strategy formulation to company management, and has also spent 14 years managing multiple product lines at global conglomerate ICI Pakistan Limited. – ERMD
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