Latifur Rahman (businessman) explained

Latifur Rahman
Native Name:লতিফুর রহমান
Native Name Lang:bn
Spouse:Shahnaz Rahman
Awards:Oslo Business for Peace Award (2012)
Occupation:Industrialist, chairman of Transcom Group
Birth Date:28 August 1945
Birth Place:Jalpaiguri, Bengal, British India (now West Bengal, India)
Death Place:Comilla, Chittagong, Bangladesh
Nationality:Bangladeshi

Latifur Rahman (28 August 1945 – 1 July 2020)[1] was a Bangladeshi business magnate and media mogul. He served as the founding chairman and CEO of Transcom Group[2] which deals with beverages, electrical and electronics products, pharmaceuticals, fast food, snacks and breakfast cereals, print media, FM radio and tea plantations mostly as the comprador of international brands like Pizza Hut, KFC, Pepsi and Philips.[3] He was the founding director of Mediaworld and Chairman of Mediastar, which owned The Daily Star and Prothom Alo newspapers, respectively. Both are the nation's leading English and Bangla newspapers.

Latifur Rahman received the Oslo Business for Peace Award 2012 in 2012 for business ethics and social responsibility.[4]

Career

Latifur Rahman started his career as a trainee in 1966 in his family-owned jute mills in Chandpur District. He worked as an executive in the mills until 1971.[5] Latifur Rahman established Transcom Group in 1973[6] after W Rahman Jute Mills, the main earning source for his family, was nationalised in 1972.[7] In the 1980s, Latifur Rahman became the sole importer and distributor of Nestlé products in Bangladesh. In the 1990s, he bought Smith, Kline & French, a US-based pharmaceutical which had merged into Beecham Group, a British company, and renamed it Eskayef.[8]

Latifur Rahman was elected a member of the executive board of the Paris-based International Chamber of Commerce for a three-year term in July 2014.[9] He served as the president of Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka.[10]

Latifur Rahman served as the chairman of the following companies.[2]

Awards

Personal life

Latifur Rahman was married to Shahnaz Rahman. Together they had three daughters, Simeen Hossain, Shazneen Rahman, and Shahzreh Huq, and a son, Arshad Waliur Rahman.[15] Simeen is a managing director of Eskayef Bangladesh Limited, Transcom Consumer Products Limited and Transcom Distribution Limited. Shazneen was killed at home in Gulshan, Dhaka in 1998 by their household domestic helpers.[16] Simeen's younger son, Faraaz Ayaaz Hossain, was killed in the 2016 Gulshan attack.[17] [18]

Latifur Rahman died on 1 July 2020 at his residence at Chheora village in Chauddagram Upazila, Comilla aged 75.[19] He was buried at Banani Graveyard in Dhaka.[19]

Notes and References

  1. News: 1 July 2020. Transcom Chairman Latifur Rahman passes away. 2020-06-29. Dhaka Tribune.
  2. Web site: Latifur Rahman . Bloomberg . 13 July 2016.
  3. Web site: Group of Company Page 4 : Business & Commerce :: bgdportal.com. www.bgdportal.com. 2020-02-10.
  4. Web site: 2012 Honourees. Business for Peace Foundation. en-US. 2019-08-05.
  5. News: Doing Business Ethically. Hossain, Ahmede. 25 May 2012. 2016-07-13. The Daily Star.
  6. Web site: Latifur Rahman. Latifur Rahman (businessperson). Latifur Rahman, Chairman & CEO of Transcom Group in Bangladesh - 2012 Business for Peace Award Recipient. vimeo.com. 2lead. 10 February 2017. 19 May 2012.
  7. News: Transcom chief dreams big: Latifur Rahman shares his vision in EBL lecture on leadership . The Daily Star. 10 February 2017 .
  8. News: Transcom chief dreams big . The Daily Star . 12 June 2014 . 2016-07-13.
  9. News: New role for Latifur . The Daily Star . 30 June 2014. 2016-07-13.
  10. News: 31 December 2007. Latifur Rahman re-elected MCCI chief. 2020-07-02. The Daily Star. en.
  11. Web site: 2012 Honourees . Business for Peace Foundation . 2016-07-13.
  12. News: Latifur wins Business for Peace Award . The Daily Star . 18 April 2012 . 2016-07-13.
  13. News: 31 May 2012. Star, P Alo felicitate Latifur Rahman. 2020-07-02. The Daily Star. en.
  14. News: 30 June 2012. DU finance dept alumni honour Latifur Rahman. 7 July 2020. The Daily Star. en.
  15. News: Latifur's banking docs sent to intel agency . Bangladesh News . 11 January 2008 . 2016-07-13.
  16. News: Shazneen's 16th anniversary of death today . The Daily Star . 23 April 2014 . 2016-07-13.
  17. News: A nightmare recurs . The Daily Star . 5 July 2016 . 2016-07-13 . Anam, Shaheen.
  18. News: Latifur Rahman's grandson killed . The Daily Star . 3 July 2016. 2016-07-13.
  19. News: 1 July 2020. Latifur Rahman no more. 2020-07-01. The Daily Star. en.