Karachi — The Board of Directors of K-Electric (KE) has appointed Adeeb Ahmad as Interim Chief Executive Officer with immediate effect, replacing Syed Moonis Abdullah Alvi, who resigned last week.
The decision was taken during a board meeting on February 13, 2026, following Alvi’s resignation announced on February 6 via a Pakistan Stock Exchange (PSX) filing.
کے الیکٹرک میں سی ای او کی تبدیلی
ادیب احمد کے الیکٹرک کے نئے قائم مقام سی ای او مقرر
بول نیوز سے براہ راست: https://t.co/7PN6qbAHwL#BOLNews #CEOKElectric #AdeebAhmad pic.twitter.com/Wg5FGs2MD1— BOL Network (@BOLNETWORK) February 14, 2026
Key Highlights
- Adeeb Ahmad named Interim CEO of K-Electric.
- Appointment effective immediately after board meeting.
- Replaces Syed Moonis Abdullah Alvi, who resigned February 6.
- Ahmad brings 34 years of experience in energy and infrastructure.
- Previously CEO of Hascol Petroleum Limited.
- Served as Senior Advisor to CEO and Deputy CEO-Designate at ICD Saudi Arabia.
- Holds MSc from LSE (UK) and MBA from IBA Karachi.
Adeeb Ahmad has over three decades of senior leadership experience, including C-suite roles across energy, infrastructure, private equity, mergers and acquisitions, and transformation projects in the MENA region, Turkey, CIS, Southeast Asia, and Pakistan.
He has led investment banking assignments in the GCC and Pakistan, focusing on M&A, privatisation, and capital raising. Most recently, he served as CEO of Hascol Petroleum Limited. Prior to that, he was Senior Advisor to the CEO and Deputy CEO-Designate at the Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia.
Ahmad holds an MSc from the London School of Economics (LSE), UK, and an MBA from the Institute of Business Administration (IBA), Karachi.
The appointment comes at a pivotal time for K-Electric as the utility continues to navigate operational, regulatory, and investment challenges while serving millions of consumers in Karachi and surrounding areas. The company has not announced a timeline for appointing a permanent CEO.
This transition follows Alvi’s resignation after leading KE through significant reforms and expansion efforts. The board expressed confidence in Ahmad’s extensive expertise to ensure continuity and strategic direction during the interim period.
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K-Electric remains committed to reliable power supply, infrastructure upgrades, and long-term sustainability as Pakistan’s largest power utility in the private sector. Further updates on leadership and operational plans will be shared as decisions are finalised.
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