KARACHI: Adeeb Ahmed has been appointed as the interim Chief Executive Officer (CEO) of K-Electric.
The decision was made during a meeting of the K-Electric Board of Directors, where the leadership role was discussed. The board unanimously agreed to designate Ahmed as the acting CEO of Karachi’s primary electricity provider.
Adeeb Ahmed is a veteran within the company, having been a director since 2019. According to K-Electric’s official website, Mr. Ahmed’s professional journey spans 34 years, including senior executive roles. His experience includes managing private equity funds, mergers and acquisitions, and transformation projects across energy and infrastructure sectors in regions such as MENA, Turkey, CIS, Southeast Asia, and Pakistan.
He has worked closely with investment banking institutions in the GCC and Pakistan, leading numerous M&A, privatization, and capital raising initiatives. Most recently, he served as the CEO of Hascol Petroleum Limited. Additionally, he acted as Senior Advisor to the CEO and Deputy CEO-Designate at the Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia. Mr. Ahmed holds an MSc from the London School of Economics (LSE) and an MBA from the Institute of Business Administration (IBA), Karachi.
Earlier, the company confirmed that Moonis Alvi resigned from his position as CEO of K-Electric. This information was shared officially with the Pakistan Stock Exchange.
In a post on X (formerly Twitter), Moonis Alvi stated that organizations are greater than individuals and emphasized his commitment to the company’s progress. “After nearly 18 years with K-Electric, including almost 8 as CEO, I have decided to step down. It has been a privilege to serve such an essential institution in Karachi’s life, working alongside some of the most dedicated professionals I know. I will support a smooth transition,” he wrote.
Additionally, Sindh Governor Kamran Khan Tessori overturned the workplace harassment penalty imposed on Moonis Alvi, offering significant relief to the power utility’s top executive.
In a formal notice to the Pakistan Stock Exchange, K-Electric announced that the governor had annulled the order issued by the Provincial Ombudsman Sindh against Alvi. The decision was taken under Section 9 of the Protection Against Harassment of Women at the Workplace Act, 2010, after reviewing the case and hearing arguments from all parties involved.
“The Governor of Sindh has annulled the order issued by the Provincial Ombudsman Sindh,” K-Electric stated.
