Karachi – 12th August 2022: The newly elected KE Board met for its first board meeting on Thursday. The Board, which was reconstituted following an Extraordinary General Meeting (OEGM) held on 29th July 2022 as per statutory requirements, appointed Mark Gerard Skelton as the Chairman of the utility’s Board of Directors.
The newly appointed board was welcomed by CEO KE Moonis Alvi along with KE’s Senior Management.
Talking about his election as the Chairman of the KE’s Board of Directors Mark G. Skelton said, “As a power utility, KE has a historic relationship with the city of Karachi, and my priority will be to build a deeper connect with our customers and to bolster Karachi’s growth trajectory. I would like to thank Shan Ashary for his leadership over his tenure, during which we have made significant progress on some key challenges. I hope to bring further momentum to the discussion around timely redressal of these challenges, which is extremely important if we want to achieve the vision of a revolutionized energy sector on a country level.”
The new members joining the KE Board include Arshad Majeed Mohmand, Boudewijn Clemens Wentink, Muhammad Kamran Kamal, Saad Amanullah Khan and Muhammad Zubair Motiwala. Whereas Shan A. Ashary, Adeeb Ahmad, Ch. Khaqan Saadullah Khan, Dr Imran Ullah Khan, Mark Gerard Skelton, Mubasher H. Sheikh, Sadia Khuram and Moonis Abdullah Alvi continue to be on the KE Board.
About K-Electric
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.