K-Electric appoints Shaheryar Chishty as chairman during Skelton’s absence

K-Electric (KE) announced on Wednesday the appointment of Shaheryar Chishty to perform the functions of the chairman during the absence of Mark Skelton.

The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today.

Last week, the board appointed Shaheryar Arshad Chishty as an alternate director to Mark Gerard Skelton with immediate effect.

“We would like to further apprise that the Board of Directors of KEL, in its meeting held on 17 March 2026, has appointed Shaheryar Chishty to perform the functions of the chairman during the absence of Mark Skelton,” KE said on Wednesday.

As per information available on KE’s website, Chishty set up AsiaPak Investments in 2011, which has become one of the leading infrastructure investors in Pakistan.

Before starting Asiapak, Shaheryar had a long career as an investment banker in Hong Kong at Citigroup and Nomura.

At Citigroup until 2009, Shaheryar served in various senior roles, including as Head of Asia Industrials and Head of North Asia Mergers & Acquisitions.

From 2009 to 2012, he worked at Nomura International in Hong Kong first as Asia Head of Industrials Investment Banking, then also as Global Head of Industrials Investment Banking.

During his 18-year investment banking career, Shaheryar raised over $18 billion in debt and equity capital for clients and transactions, and advised on completed mergers and acquisitions valued at over $60 billion.

Chishty’s appointment comes amid recent changes in the power utility’s leadership, after Moonis Alvi stepped down from his role as Chief Executive Officer.

Following Moonis Alvi’s resignation in February, Adeeb Ahmad was appointed as the company’s interim CEO with immediate effect.