Mr. Riyadh S. A. A. Edrees has decided to step down from the position of Chairman and Board member of K-Electric due to his other professional and board commitments and inability to be present in Karachi due to COVID-19 situation and hence, not actively participate in KE’s board governance. The Board expresses its appreciation to Mr. Edrees for his leadership and contribution to the Company’s performance.
K-Electric has come a long way since its privatisation in 2005, and has converted from an under-utilized strategic asset into a leading energy player today. With the unplanned growth of Karachi and other civic challenges it continues to face challenges. The new chairman is committed to lead the utility contribute towards the development and growth of Karachi.