Mr. Tayyab Tareen was appointed as Chairman of the Board of Directors of K-Electric in June 2018. Previously, he served as Chief Executive Officer (CEO) of KE from November 2014 to June 2018. He has been on the KE Board since 2009 and has also served as its Chief Financial Officer (CFO) and Chief Strategy Officer.
Mr. Tareen has over 24 years of experience, mainly with multinationals, covering areas of business turnarounds, financial management, planning and business acquisitions. His experience includes being the CFO at The Coca-Cola Company managed bottler in the UAE and Oman, a business that saw a successful turnaround from losses to sustained profitability within two years. From 1997 to 2001, he was with Coca-Cola Beverages Pakistan as CFO and Company Secretary. He started his career in 1995 with Packages Limited in Pakistan as Manager Project Financing, responsible for investment reviews and project financing.
Mr. Tareen is a qualified Chartered Accountant from The Institute of Chartered Accountants in England and Wales.
Syed Moonis Alvi
Chief Executive Officer
Mr. Moonis Alvi was appointed CEO and the Board member of the Company in June 2018. Mr. Alvi has more than 28 years of diversified experience in the finance industry, with a focus towards driving operational efficiencies, financial planning and capital restructuring.
Mr. Alvi joined K-Electric in 2008 and has served as K-Electric’s Chief Financial Officer. He has also served as KE’s Company Secretary and Head of Treasury and has played an integral role in the transformation of K-Electric. He is a Fellow member of the Institute of Chartered Accountants of Pakistan.
Mr. Rafi is an Independent Director, elected at the AGM of the company held on October 8, 2012, and also Chairman of the Board Audit Committee. Mr. Rafi was a Senior Partner at A. F. Ferguson & Co., Chartered Accountants, a member firm of PricewaterhouseCoopers LLP, for 20 years. He was also the president of the Institute of Chartered Accountants of Pakistan and of Management Association of Pakistan. Mr. Rafi is a Chartered Accountant, being a Fellow at the Institute of Chartered Accountants in England and Wales.
Dr. Aamer Ahmed
Non-Executive Director (GOP Nominee)
Dr. Aamer Ahmed represents the Government of Pakistan and currently holds the position of Additional Secretary, Ministry of Water & Power, GoP and was appointed on the Board of KE in August 2017. Prior to this, he worked on various positions in the federal and provincial governments, including Additional Secretary, Ministry of Commerce (2016-17); Additional Secretary, Interior Division (2015-16); and Additional Secretary, Revenue Division (2015). Dr. Aamer has also attended Senior Crisis Management Training from the University of Maryland, USA (2016).
Dr. Ahmed Mujtaba Memon
Non-Executive Director (GOP Nominee)
Dr. Ahmed Mujtaba Memon represents the Government of Pakistan and was appointed on the Board of KE in June 2018. He is the Additional Finance Secretary in the Finance Division and has previously served as Director-General (IOCO) in the Federal Bureau of Revenue (FBR) as well as serving in various capacities at the Pakistan Customs Service. He has also worked with the Asian Development Bank as on a project as the Secretary Trade Export Promotion and Industrialisation in the FBR. His academic qualifications include an MBBS, an MA (Economics) and an MBA (Finance). Other Engagements: Member – Board of Directors, NESPAK.
Muhammad Zubair Motiwala
Non-Executive Director (GOP Nominee)
Mr. Motiwala is a Non-Executive Director of the Company and represents the Government of Pakistan. An industrialist by profession, he was elected as President Karachi Chamber of Commerce & Industry from 2000-2001. Mr. Motiwala has led Pakistan’s trade delegations for promoting investment in the province of Sindh to China, UAE, Russia, Turkey, Malaysia, Singapore, Korea and various other countries. He is the Honorary Consul General of the Republic of Burundi. Other Engagements: Director: Port Qasim Authority, Inter State Gas Systems Limited, Pak Oman Investment Company Limited, Education City, Dawood University of Engineering & Technology.
Omar Khan Lodhi
Mr. Lodhi has been a Non-Executive Director of the Company since August 2010. Mr. Lodhi heads Asia for The Abraaj Group. With over 20 years of investing experience, he joined Abraaj in 2005 and has since led the firm’s investments into several underlying businesses spanning a wide variety of sectors. Prior to joining Abraaj, Mr. Lodhi spent several years with UBS. He is based out of Singapore and is a graduate of the London School of Economics and the Harvard Business School. Other Engagements: Partner and Regional Head, The Abraaj Group.
Shan A. Ashary
Mr. Ashary has been a Non-Executive Director of the Company since its privatisation in November 2005. He is a senior executive with over thirty 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 US and the Middle East. He is a Fellow of the Institute of Chartered Accounts of England and Wales. Other Engagements: Investment Adviser, Al-Jomaih Holding Co. (Saudi Arabia).
Mubasher H. Sheikh
Mr. Sheikh has been a Non-Executive Director of the company since its privatisation 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, UAE. He graduated with a degree in mathematics and statistics from the University of Punjab and is a Chartered Certified Accountant UK (FCCA). Other Engagements: Chief Financial Officer, National Industries Group, Kuwait. Board Member: Proclad Group Limited, UAE.
Mr. Hussain has been a Non-Executive Director of K-Electric and CEO, Pakistan Investment Fund, since November 2014. He was the CEO of KE from Feb 2013 to Nov 2014, and was an Executive Director of the company and Chief Distribution Officer between November 2009 and February 2013. Prior to joining The Abraaj Group he was with Mashreq Bank, where he managed the Retail Risk Management function. While with Citigroup from 1991 to 2005, Mr. Hussain worked with their franchise in Pakistan, Saudi Arabia and Russia as Head of Retail Risk Management.
Mr. Sicre has been a Non-Executive Director since May 2013. Mr. Sicre has over 20 years of experience in engaging the private sector on global issues, regional development agendas and community building. He is an MD in Abraaj’s Global Markets team and works with leaders from all fields, including governments, the private sector, media and culture. Mr. Sicre holds an MBA from IMD, a Bachelor of Arts and Sciences from Villanova University, and is a Fellow of Stanford University. Other Engagements: Chairman, Mustaqbali Foundation. Board Member: Dubai Cares, Education for Employment and Junior Achievement’s MENA Board, UN Global Compact Business for Peace Steering Committee, WPO.
Mr. Moolji has been a Non-Executive Director on the Board of the Company since September 2014. He has more than fifteen years’ experience in investment banking. At Abraaj he is responsible for deal origination, structuring and execution, and portfolio management. Previously he was a VP with Merrill Lynch & Co. and a senior associate at Goldman Sachs & Co. in New York. Mr. Moolji holds an MBA from The Wharton School and dual BSc degrees in Electrical Engineering and Management Science from the Massachusetts Institute of Technology. Other Engagements: Board Observer, Network International LLC. Board Member, Marine Hospitality Holdings Ltd.
Ch. Khaqan Saadullah Khan
Mr. Khan has been a Non-Executive Director of the company since October 2015. Mr. Khan joined The Abraaj Group as a Director in 2015. Prior to this, he was an Investment Officer in the International Finance Corporation. Mr. Khan has also worked as an Investment Consultant in the Board of Investment, Government of Pakistan, and as a manager in Ernst & Young’s Transaction Advisory Services group based in Chicago. He has previously served on the Boards of Agritech Limited and Shakarganj Food Products Limited. Mr. Khaqan holds a BA in Economics from Northwestern University, US, and is a CFA charter holder. Other Engagement: Director, The Abraaj Group.