In a significant development within Karachi’s power sector, Mark Gerard Skelton has officially stepped down from his role as Chairman of K-Electric (KE). This announcement was formally communicated to the Pakistan Stock Exchange (PSX) on Friday, signaling a notable shift in the leadership of the city’s primary electricity provider. The resignation marks the end of Skelton’s tenure at the helm of the company, which plays a critical role in supplying power to Pakistan’s largest metropolis.
Following Skelton’s departure, K-Electric swiftly moved to fill the leadership vacuum by appointing Shaheryar Arshad Chishty as the Alternate Director on the Board. This change took effect immediately, reflecting the company’s urgency in maintaining stability amid ongoing organizational adjustments. Chishty’s induction into the board is expected to bring fresh perspectives as KE navigates through a period of transition and operational challenges.
These changes come on the heels of another major executive reshuffle last month when Adeeb Ahmed was named the acting Chief Executive Officer (CEO) of K-Electric. Ahmed assumed this position after the resignation of Moonis Alvi, the former CEO, during a board meeting focused on addressing leadership concerns. Ahmed is no stranger to the company’s inner workings, having served as a director since 2019, and his appointment is seen as a move to ensure continuity and experienced guidance for the utility.
Meanwhile, the company has also been involved in a legal matter concerning its former CEO, Moonis Alvi. In a recent development, Sindh Governor Kamran Khan Tessori overturned a disciplinary action that had been imposed on Alvi in connection with a workplace harassment case. This decision provided significant relief to both Alvi and the power utility, as it nullified the previous order issued by the Provincial Ombudsman Sindh under the Protection against Harassment of Women at the Workplace Act, 2010.
K-Electric officially confirmed this update in a notice to the PSX, stating that the Governor of Sindh had reviewed the case thoroughly, including hearing arguments from all parties involved, before setting aside the Ombudsman’s order. This move underscores the complex legal and administrative challenges the company has been managing alongside its operational duties.
As Karachi continues to rely heavily on K-Electric for its electricity needs, these leadership changes and legal resolutions are closely watched by stakeholders and consumers alike. The company’s ability to maintain consistent power supply while navigating internal restructuring will be critical in the coming months. Observers hope that the new appointments will bring renewed focus and stability to the organization, ensuring that Karachi’s energy demands are met efficiently.
