Pathao names Fahim Ahmed as CEO

On-demand online services provider Pathao has appointed Fahim Ahmed as its managing director and chief executive officer.

The company came up with the announcement in a press release on Monday.

Fahim, who joined Pathao in early 2018 as the chief financial officer, will replace its co-founder Hussain Elius.

“We are a company that has improved the lives of millions of consumers, small businesses and daily earners. The opportunity ahead for us is exciting, but to capture it, we must move fast, focus and transform,” Fahim said.

“I couldn’t be more thrilled yet humbled to have been chosen to lead the company and our amazing team,” he added.

Since mid-2020, Fahim, as the president of Pathao, has been overseeing the day-to-day operations and executing the company’s strategy to address the accelerating demand for digital services during the pandemic.

Elius, who will remain a member of the Board of Directors and assume a new role as Senior Advisor, said, “Founding Pathao has been the most exhilarating experience of my life. After six years, the time is right for a new leader, and there is no better person to lead the company than Fahim.”

“I have had the honour of working with the most talented, innovative and entrepreneurial team, and I have no doubt that their passion and creativity will only grow under Fahim’s leadership,” added Elius.

Fahim graduated from Middlebury College in the US and brings more than 18 years of experience in finance, investment and operations in Bangladesh, South Asia and the US.

Prior to Pathao, he was a managing director at SEAF, a global emerging market investment firm, where he co-founded and managed the first mid-market investment fund in Bangladesh.

Founded in 2015, Pathao has now more than 8 million users, 300,000 drivers and delivery agents, 30,000 merchants and 10,000 restaurants.