Page 8 - In The Loop (15 Aug - 30 Nov, 2018)

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Leadership Transition Ceremony

Leadership transitions within companies are significant bid farewell to our respected and honorable Chief whose
events as these can be complex decisions and can have wisdom and intelligence has taken Interloop to great
long term impacts on organizations’ sustainability. heights. Over the years, we experienced many tough
times, ups and downs, but he always supported & Musadaq presenting wisdom tree to Navid Navid presenting a lovely painting of lighthouse to Musadaq to illustrate
Everybody at Interloop was taken by surprise when encouraged us and kept us tied together like a family. He how everyone looked up to him for guidance
Musadaq Zulqarnain, CEO Interloop Limited tendered his taught us to work hard and helped us enhance our sustainable business. If we keep taking it forward, no one machines only and now by the grace of God we don’t even
resignation to the Board on 8 Sept., 2018 on attaining the proficiency. From day one, we believed in collective can stop us from progressing. We should keep in mind that know the exact count. This company is supporting
this company has to work for centuries and the person who livelihood of 15,000 families, it’s a great achievement and
is working as a helper today, his son will be working here also a great responsibility on us. Musadaq led this
as a manager in future.’ Talking about Navid Fazil he said, company with wisdom, hard work and courage. Whenever
‘I have the comfort that I am leaving Interloop in better we had some critical issue, he always supported and
hands than mine. Navid, as you all know, has been looking guided us. The good thing is that Musadaq’s guidance will
after a major part of CEO’s functions for the last couple of be available to us and whenever we’ll come across any
years and is a very capable and caring leader.’ crucial issue, we will seek his direction. We will take this
organization forward with hard work and dedication.
To mark the transition, Musadaq presented a beautiful
wisdom tree to Navid. Navid presented a lovely painting of He emphasized, ‘If this company continues to provide
a lighthouse to Musadaq to express respect and illustrate living to its people, this will be the biggest tribute to
how everyone looked up to him for guidance. Tariq Musadaq. Let’s strongly follow our Mission to stay
Musadaq Zulqarnain, Chairman Interloop appreciating Interloop’s team In Navid Fazil, CEO Interloop advising Interloop team to follow Rasheed also presented a beautiful painting to Musadaq, successful and sustainable and may God help us continue
hard work and dedication company’s Mission to stay successful and sustainable signed by all HoD’s to show their respect and affection for good work.’
age of superannuation. The Board accepted his wisdom and practiced it.’ He added, ‘Interloop has earned him.
resignation and appointed COO Interloop, Navid Fazil, as great respect globally and is known for its values. We The ceremony ended on plantation of trees by Musadaq
the new CEO of the Company. Musadaq will continue to welcome our new leader Navid Fazil who is as competent In the end, Navid Fazil in his address said, ‘We started this and Navid at Interloop’s Sustainability Park.
serve as Chairman of the Board of Directors of Interloop as Musadaq and we are hopeful that we will achieve many company on a very small scale, i.e., with 10 knitting
Limited. To commemorate this transition, a prestigious more successes under his leadership.’
ceremony was organized at VSF Lawn, at the Interloop
Industrial Park (IIP), on 29 Sept. 2018. While all executives Musadaq Zulqarnain addressing Interloop team members
and non-executives from Plant 2, 4, Spinning and other said, ‘No one is indispensable and an important reason of
functions at IIP attended the event along with guests from success of institutions is leadership transitions. I am very
Interloop’s US & Europe offices, the ceremony was happy today because the seed that we sowed years ago
broadcasted live to all Interloop Plants and overseas has grown into an enormous tree and that is because of
offices. your hard work, dedication and sincerity. I am grateful to
God and thankful to you all. The reason of our prosperity is
It was an emotional moment for all at Interloop. Tariq teamwork. I trust you all and am proud of you.’
Rasheed, Director Sourcing and one of the founding
members of Interloop shared his thoughts on the occasion. He further said, ‘In a recent publication, Interloop was
He said, ‘It was quite shocking for us to hear about declared the 7th largest exporter of Pakistan and top
Musadaq’s retirement, but then Navid Fazil’s name was exporter of Faisalabad. Everyone in our company firmly
proposed as the CEO and we were happy that the most believes in our Mission - To be an agent of positive change Tariq Rasheed presenting a painting to Musadaq Zulqarnain signed
suitable person was being appointed. Today we are here to for the stakeholders & community by pursuing an ethical & by all HODs Female employees watching live telecast of the ceremony at Plant 1

Global team members, executives & non-executives at the transition ceremony Interloop employees with the Chairman & CEO at the Interloop Industrial Park

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