Board of Directors - K-Electric

Board of Directors

Mark Skelton is a Managing Director with Alvarez & Marsal’s (A&M) Advisory practice in London. He brings more than 20 years of experience in corporate finance and advisory. His primary areas of concentration are cross border assignments crossing different legal jurisdictions and waterfall classes. Mr. Skelton has undertaken senior roles on numerous major UK, US, European, Emerging Markets, and Australian projects. Prior to joining A&M, Mr. Skelton held senior positions in a leading independent restructuring advisory and a Big 4 firm. Mr. Skelton is a member of the Institute of Chartered Accountants of Australia and New Zealand (CAANZ).

Mr. Ahmad’s career spans over 32 years, including C-suite positions across organizations in MENA, Turkey, CIS, Southeast Asia, and Pakistan. In his earlier career, Mr. Ahmad was engaged with leading investment banking institutions in the GCC and Pakistan where he successfully led several M&A, privatization and capital raising assignments. Recently, he served as the CEO of Hascol Petroleum Limited in Pakistan, and before that was the Senior Advisor to the CEO and Deputy CEO-Designate at Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia. Mr. Ahmad holds an M.Sc. from the London School of Economics, United Kingdom, and an MBA from the Institute of Business Administration, Karachi, Pakistan. He also serves as a Board Member of Al-Shaheer Corporation Ltd.

Mr. Arshad Majeed was elected to the KE Board of Directors on 29 July 2022. He is a civil servant and currently posted as Additional Secretary, Power Division, Ministry of Energy, Government of Pakistan. He is also serving on the Board Directors of National Power Parks Management Company (Private) Limited. He carries 25 years of experience and knowledge in public policy formulation and implementation. He completed his Masters’ in Political Science.

Dr Imran Ullah Khan is currently serving as Joint Secretary (Corporate Finance), Finance Division, Government of Pakistan. He joined national civil service in the year 2001 and during his career, he has remained Deputy Secretary Finance Division, Deputy Secretary Ministry of Textile Industry and Deputy Secretary (Education). He earned a Doctorate in International Development Studies from National Graduate Institute for Policy Studies, Tokyo (Japan). Dr Khan holds a Master’s Degree in International Development Studies from National Graduate Institute for Policy Studies, Tokyo (Japan). Dr Khan is currently serving as a Director on the Boards of Utility Stores Corporation, Pakistan Agriculture Storage and Services Organization, Pakistan Steel Mills, Trading Corporation of Pakistan, Pakistan Industrial Development Corporation, Sui Southern Gas Company, and Diamer-Basha Development Company.

Mr. Mubasher H. Sheikh has been a Non-Executive Director of the Company since its privatization in November 2005. He joined the National Industries Group (Holding), Kuwait, in 2001 and is currently Chief Financial Officer. He is also a Non-Executive Board member in Proclad Group Limited Dubai and a Board member in Ikarus Petroleum Industries, Kuwait, and BI Group, UK. He graduated with a degree in mathematics and statistics from the University of Punjab and is a Chartered Certified Accountant UK (FCCA).

Mr. Kamran is the CEO of The Hub Power Company Limited. He has over 20 years of experience working on various projects of national importance including the Sindh Engro Coal Mining Company’s (SECMC) mining and power generation projects, China Power Hub Generation Company’s imported Coal project with an integrated jetty, Thar Energy & Thal Nova local coal projects as well as leading a regional energy & agricultural commodity trading business. Kamran has deep understanding of Pakistan’s Power Market and regulatory affairs.
Kamran holds a master’s degree in public policy from Harvard Kennedy School and a Bachelors’ degree in Electrical & Computer Engineering from the Georgia Institute of Technology.

Mr. Motiwala, an industrialist by profession was elected as the President Karachi Chamber of Commerce & Industry for the period 2000-2001. He was Former Chairman Sindh Board Investment from July 2011 to October 2013. He was Advisor to Chief Minister Sindh on Investment from January 2009 to July 2011. He was appointed as Special Assistant to Chief Minister Sindh (Minister Status) for affairs relating to business community from 28 September 2012 till 19 March 2013. He led Pakistan trade delegations for promoting investment in the province of Sindh to China, UAE, Russia, Turkey, Malaysia, Singapore, Korea, and various other countries.

Mr. Saad has spent three decades with Procter & Gamble in senior management including seven years as Chief Executive Officer of Gillette Pakistan. Elected twice as President of American Business Council (ABC) and twice on the Board of Directors of Overseas Investors Chamber of Commerce and Industry (OICCI). Currently, he is the Chairman of Public Interest Law Association of Pakistan, President of I AM KARACHI and Chairman of Pakistan Innovation Foundation, director/partner in CTM360 (Cyber Threat Management) and joint owner of Big Thick Burgerz restaurants. He is also a Director on the boards of Fauji Fertilizer Corporation, NBP Funds, Jaffer Brothers, Burque Corporation, International Packaging and ZIL Limited. Previously on the board of PSX and State Life Insurance Corporation. Saad holds two engineering degrees (Systems Engineering and Computer Science Engineering) and an MBA from The University of Michigan, USA.

Mr. Shan A. Ashary has been a Non-Executive Director of the Company since its privatization in November 2005. He is a senior executive with over 40 years of proven success in managing international investments, operations of a large, diversified group, finance, treasury, public accounting, and strategic and corporate planning. He currently serves on the boards of several companies in the USA and the Middle East. He is a Fellow of the Institute of Chartered Accountants of England and Wales.

Mr. Moonis Alvi was appointed CEO of KE in June 2018, after serving the company in key roles – CFO, Company Secretary, Head of Treasury. Mr. Alvi has led the Company through a business transformation emphasizing digitization and customer-centricity. During his term, KE has undertaken a series of aggressive investments across the energy value chain aimed at creating a future-ready organization, capable of serving Karachi’s needs into the future. These investments include the Company’s upcoming 900 MW RLNG-fired power plant which ranks among Pakistan’s top five plants based on efficiency. Passionate about enabling diversity and inclusion at KE, he has championed many of KE’s flagship diversity initiatives including the global award-winning Roshni Baji program which also won the S&P Global Energy Award. Under his leadership KE was recognized by Pakistan Business Council and IFC and awarded the Gender Diversity Employer of Choice Award. His journey with K-Electric started 14 years ago in 2008. Mr. Alvi holds 30 years of diversified experience in finance, with a focus towards driving operational efficiencies, financial planning, and capital restructuring. He is a Fellow member of the Institute of Chartered Accountants of Pakistan.

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