Moonis Alvi steps down as K-Electric CEO

K-Electric (KE) Chief Executive Officer Moonis Alvi has resigned from his position, the utility announced in a notice to the Pakistan Stock Exchange (PSX) on Friday.

The development came days after Governor Sindh Kamran Tessori had annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment.

Read more: KE board accepts CEO Alvi’s resignation, shortlists three candidates to take over

Alvi was appointed CEO of KE in June 2018. He was reappointed as the CEO in July 2025. He joined KE in 2008 and has served as the company’s Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury.

According to sources, three candidates have been shortlisted for the position and a board meeting is expected in the coming week, likely Tuesday (February 10) to decide the way forward.

Alvi also announced about his resignation in a post on X.

“After 18 years with K-Electric, including almost 8 as CEO, I have decided to step down.

“It has been an honour to serve an institution so central to Karachi’s life, alongside some of the most resilient and committed professionals I know. I will support a smooth transition,” he wrote.

In a video message, Alvi said that institutions are always greater than individuals.

“It can never happen that an individual gets so important that an organisation cannot run without them.”

He said that the foundation they had set for the company was very strong and he believed his successor would take KE to the next level.

He said he was not leaving KE, “but it was basically a chapter being closed and a new one opening”.

In July 2025, Sindh Ombudsman ordered to remove Alvi from his position of K-Electric’s CEO, over his alleged involvement in a case pertaining to workplace harassment. Alvi termed the ombudsman’s decision “deeply distressing” for him, saying the findings did not reflect the truth of the situation as he experienced it.

The Sindh High Court (SHC) suspended the Ombudsman’s order within a day.

Alvi later filed a Representation (Appeal) against the Ombudsman’s order before the office of the Governor of Sindh.

His resignation came despite Governor Sindh having set aside Ombudsman’s order.