Karachi: TPS announces the appointment of Mr. Shahzad Shahid as the new Chief Executive Officer of TPS Pakistan and Middle East effective July 1, 2014. Prior to his appointment to the position of CEO, Shahzad was serving in the capacity of CMO of TPS. He succeeds Mr. Muhammad Sohail, co-founder and director of TPS, who served as the company CEO since its inception in 1996.
These are truly exciting times for TPS which began its journey from a 2 person startup more than 18 years ago, said Muhammad Sohail. We stand at a juncture where TPS can write a new chapter in its history, just as glorious as its past chapters. Shahzad is a proven leader with technical expertise, business vision and the ability to drive TPS with passion. His energy, drive and vision are exactly what TPS needs as a company to enter its next chapter of expansion and growth.
The corporate-wide announcement was made during TPS LEAP initiative with TPS global staff. LEAP is a major reorganization initiative that has been carefully devised to bring efficiency and growth at both individual and corporate level. It is aimed to better equip the company to quickly respond as well as adapt to business and market shifts while staying in tune to customer needs.
Joining the company as a software engineer in 1999, Shahzad moved to the TPS business development team in 2004. His instinctive flair for business was a natural fit and saw Shahzad emerge as a distinctive leader with strategic, creative and financial acumen as well as strong business intellect. His career at TPS, spanning technology and business, has given Shahzad the knack of translating technology ideas into business usages. He has remained deeply involved with company strategic business and product initiatives and has played an integral role in shaping the e-banking landscape in Pakistan through closely working with banks, telcos and financial institutions. His experience and active participation in regional e-Banking growth initiatives also benefitted regions like South Asia, West Africa and Middle East with setting up of Inter Bank Shared Network for ATMs and POS, Launch of Mobile Banking, setting up of Payment Processors and Payment Gateways.
TPS is ready and poised to take a leap towards its next level of maturity and global growth. The company as a whole is rightly positioned to capitalize on nascent growth of mass payment initiatives domestically and expand its international payment footprint through its extending products. Shahzad Shahid said. “The opportunities for TPS are vast, but for them to materialize we will need to focus clearly, move quickly and continue to improve every day. I am confident that TPS has everything to become a recognized and respected name in the payments industry globally.
