CEO resignation: K-Electric reschedules board meeting
- Schedules meeting on February 13
K-Electric (KE) announced on Monday that the meeting of the company’s Board of Directors to consider matters other than the financial results of KE was rescheduled.
The company informed the Pakistan Stock Exchange (PSX) today.
The meeting will now be held on February 13, at 12pm, in Karachi.
Chief Executive Officer Moonis Alvi had resigned from his position on Friday, 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.
Alvi announced 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.
Following his resignation, the utility company was scheduled to hold a meeting on Tuesday (February 10) to decide on a successor. According to sources, three candidates have been shortlisted for the position.
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