ISLAMABAD: Tragedy has struck the world of deep-sea exploration as details surrounding the Titanic submarine accident continue to unfold.
UK-based Pakistani billionaire Shahzada Dawood, Vice Chairman of Engro Corporation Limited, and his son, Suleman Dawood, were among the five individuals tragically lost at sea while exploring the wreckage of the iconic Titanic. The submersible, named Titan and operated by OceanGate, was transporting these explorers as tourists on a daring expedition when all contact was abruptly lost. OceanGate has expressed deep sadness over the tragic accident that has claimed the lives of these esteemed individuals.
Career highlights of Shahzada Dawood
Shahzada Dawood was a highly respected figure in the business world, known for his expertise in corporate governance and industry transformation. He joined the Board of Engro in 2003 and played a pivotal role in the company’s growth and diversification across multiple sectors, including fertilizers, vehicle manufacturing, energy, and digital technologies. With over two decades of experience, Shahzada Dawood was at the forefront of identifying growth opportunities and spearheading mergers and acquisitions that propelled Engro’s success.
Born and raised in Pakistan, Shahzada Dawood possessed an entrepreneurial spirit from a young age. After completing his education, he ventured to the United Kingdom, where he further honed his skills and expanded his horizons. He held degrees from prestigious institutions, including the University of Buckingham in the UK and Philadelphia University (now Thomas Jefferson University) in the US. His academic background in global textile marketing and law provided him with a solid foundation for navigating the complex business landscape.
How Shahzada shaped a legacy of positive impact
In addition to his corporate responsibilities, Shahzada Dawood was deeply committed to philanthropy and making a positive impact on society. He served as a Trustee on the Boards of Engro Foundation and The Dawood Foundation, both dedicated to empowering communities and creating sustainable opportunities for underprivileged individuals. His inclusive business models, focusing on low-income communities and value chain development, exemplified his dedication to driving socio-economic progress.
Shahzada Dawood’s contributions extended beyond the corporate realm. He was a member of the Global Advisory Board at the Prince’s Trust International, an organization founded by Britain’s King Charles III to address youth unemployment and foster social development. Furthermore, he actively participated in The British Asian Trust, an initiative aimed at empowering disadvantaged communities and driving positive change in South Asia.
Shahzada’s visionary leadership
Passionate about sustainability and environmental conservation, Shahzada Dawood joined global initiatives to promote responsible business practices. Under his guidance, Engro became the first company in Pakistan to sign a commitment sponsored by the World Economic Forum’s International Business Council, focusing on implementing Stakeholder Capitalism Metrics. He also played a crucial role in the Global Plastic Action Partnership, an initiative of the World Economic Forum, advocating for a circular economy and sustainable solutions to plastic pollution.
Shahzada Dawood’s legacy as a visionary leader, astute businessman, and philanthropist will endure, touching the lives of countless individuals. His profound dedication to corporate governance, inclusive growth, and social responsibility made him a true inspiration. As the world mourns the loss of Shahzada Dawood and his son Suleman, their spirit of exploration and their deep desire to protect the world’s oceans will be remembered. During this time of profound grief, the international community stands united in offering condolences to the families and loved ones affected by this tragic event.
