The Chief Executive Officer of K Electric, Mr. Syed Moonis Abdullah Alvi, has resigned. His resignation has been accepted by the company’s Board of Directors. However, this news has been shared formally with the Pakistan Stock Exchange, confirming its accuracy.
The Career of Moonis Alvi at K Electric
Mr. Moonis Alvi had joined K Electric during the year 2008. He was appointed as the Chief Executive Officer during the year 2018. He was responsible for managing key areas of the organization during his tenure at the company. Mr. Alvi held key leadership roles such as the Chief Financial Officer and Company Secretary before his appointment as the CEO.
Board Decision and CEO Shortlisting
After accepting the resignation of Moonis Alvi, the Board of Directors has shortlisted three candidates for a new position of Chief Executive Officer. The candidates have excellent professional backgrounds in the energy and finance industries.
Final Decision Expected Soon
It is worth mentioning here that the final decision regarding the appointment of the new CEO will be taken during the upcoming board meeting, which is scheduled to take place next week. During the meeting, the shortlisted candidates will be reviewed, after which the announcement will be made.
Importance of Leadership Change
K Electric is the major electricity provider to the city and its surrounding regions. Hence, the event of the leadership change has major importance. People are watching these changes because the newly appointed CEO is expected to play an important role in the future direction of the company.
