Kot Addu Power Company Limited (KAPCO) has appointed Muhammad Masood as the acting chief executive in place of Shahab Qader Khan.
The listed IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.
“Shahab Qader Khan, chief executive officer, has resigned with effect from February 26, 2026. Muhammad Masood has been appointed as the acting chief executive officer till further notice,” read the notice.
Muhammad Masood serves as GM Finance and CFO of KAPCO.
Meanwhile, Shahab Qader Khan was appointed CEO of KAPCO on January 22, 2025.
KAPCO was incorporated in Pakistan on April 25, 1996, as a public limited company under the Companies Ordinance, 1984 (now Companies Act, 2017).
It was built by the Pakistan Water and Power Development Authority (WAPDA) in five phases between 1985 and 1996 in Muzaffargarh district, Punjab.
In April 1996, KAPCO was incorporated as a public limited company under the Companies Ordinance, 1984, to acquire the Power Plant from WAPDA. The principal activities of the Company include the ownership, operation and maintenance of the Power Plant.
On June 27, 1996, following international competitive bidding by the Privatisation Commission of the Government of Pakistan, KAPCO was privatised.
At the time of privatisation and following privatisation, WAPDA divested 36% of its shareholding in the company to the strategic investor. In August 2013, the strategic investor sold its entire shareholding in the company to local corporate entities and individuals.
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