The Pakistan Cricket Board (PCB) selected Faisal Hasnain as its new chief executive on Monday, According to a statement released by the cricketing organisation.
Hasnain fills the vacancy created by Wasim Khan, who stepped down in September after Ramiz Raja was appointed as the board’s new chairman.
Hasnain was chosen after a “rigorous recruitment procedure,” according to the PCB, and will officially take over in January 2022.
“Hasnain is a UK-qualified Chartered Accountant with over 35 years of experience in high-profile financial and sports administration roles with some of the world’s most prestigious blue chip companies. His credentials include serving as the International Cricket Council’s (ICC) chief financial officer (CFO) and as the Managing Director of Zimbabwe Cricket (ZC) in Monaco and Dubai, according to the statement.
Ramiz Raja, Chairman of the Pakistan Cricket Board, said he was “delighted” to confirm Hasnain’s appointment and welcomed him to the Pakistani cricket family.
“For his proficiency in corporate governance, financial management, and commercial acumen, Faisal is a well-known figure in world cricket, and he is well appreciated, respected, and trusted.” Faisal would be a fantastic fit for the PCB’s goals because he can use his significant expertise and knowledge to help us reach our commercial and financial objectives of making Pakistan cricket bigger and stronger,” he said in the release.
The new CEO expressed his gratitude to Raja and the Board of Governors for their trust in him, saying he was “honoured and blessed” to be given the opportunity.
Hasnain stated that he was committed to fulfilling the chairman’s vision for cricket, as well as meeting fan expectations, improving existing ties, and forging new collaborations.
“These are exciting times in Pakistan cricket,” he stated, “and I look forward to working closely with my colleagues at the PCB to further strengthen the image, reputation, and profile of this wonderful institution.”
According to the PCB press statement, Hasnain oversaw a $3 billion financial portfolio at the ICC and was engaged in the sale of the ICC’s commercial rights for the 2007-2015 and 2016-2023 commercial cycles.
He was essential in the refinancing of ZC’s commercial debts, reaching financial agreements with the ICC, securing ZC’s funding and position within the ICC, and gaining hosting rights for the ICC Cricket World Cup Qualifier 2018, according to the PCB.