KARACHI: K-Electric has appointed Shan A Ashary as its new chairman of the board with effect from September 7, 2020. K-Electric said Riyadh S A A Edrees has decided to step down from the position of the Chairman and board member of K-Electric due to his personal engagements and inability to present in Karachi due to COVID-19 situation and hence, not actively participate in KE board governance.

As per details released by KE, Ashary has been on the Board of Directors of the company since 2005 and represents the KES Power stake in KE and is the longest-serving member of the board. As the new chairman, his focus will be on operational excellence of the company across its generation, transmission and distribution functions to ensure safe, reliable and uninterrupted power supply to the KE customers.

The Board of Directors is confident that Ashary, with his proven track record of accomplishments, will bring a wealth of knowledge and valuable experience to the position.

The Board also looks forward to working closely with the committee formed on the directives of the Supreme Court to facilitate K-Electric's service provision and investment approvals through a one-window solution. The Board expresses its appreciation to 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 underutilized strategic asset into a leading energy player today. With the unplanned growth of Karachi and other civic problems it continues to face challenges. The new chairman is committed to leading the utility contribute to the development and growth of Karachi."

Copyright Business Recorder, 2020