Jazz has named Farrukh Khan, the outgoing CEO of the Pakistan Stock Exchange (PSX), as its new Chief Financial Officer (CFO) and CEO of Micro-Finance Holdings (MFH). Khan will join Jazz on September 15th, 2024 and play a key role in the company’s ambitious transformation into a ServiceCo.
Gábor Kocsis, the current CFO, will ensure a smooth transition by remaining with Jazz until the end of the year. Khan brings over 30 years of experience in finance, including leadership positions at Acumen Fund, BMA Capital Management, and American Express.
This appointment aligns with Jazz’s vision to evolve from a mobile telecommunications company (Telco) into a diversified ServiceCo. By leveraging its core strengths in data and connectivity, Jazz aims to disrupt various sectors including fintech, software development, cloud solutions, and entertainment.
Jazz projects a compound annual growth rate of over 20%, with the goal of doubling revenue by 2027. This growth will be driven by JazzCash, its fintech platform, Garaj, its cloud offering, and Tamasha, its digital streaming service.
“We are thrilled to welcome Farrukh Khan,” said Aamir Ibrahim, CEO of Jazz & Chairman MMBL. “His expertise in capital markets will be crucial as we transition into a ServiceCo.”
Khan echoed this sentiment, stating, “I’m excited to join Jazz during this transformative time. I look forward to driving financial innovation and supporting the company’s expansion into new sectors.”
