Karachi, February 14, 2026 — K-Electric (KE) has appointed seasoned energy sector executive Adeeb Ahmad as its interim chief executive officer (CEO) with immediate effect, a week after the resignation of Syed Moonis Abdullah Alvi from the top post.
In a notification submitted to the Pakistan Stock Exchange (PSX), the power utility said its board of directors approved the appointment during a meeting held on Friday. “Further to the announcement at the Pakistan Stock Exchange (PSX) dated February 06, 2026, the board of directors of K-Electric has appointed Adeeb Ahmad as Interim Chief Executive Officer of the company with immediate effect,” the statement said.
Adeeb Ahmad brings over 34 years of professional experience, including extensive C-suite leadership roles across energy, infrastructure, and financial services sectors. His career includes managing private equity funds, leading mergers and acquisitions (M&A), and spearheading business transformation initiatives across the Middle East and North Africa (MENA), Turkey, the Commonwealth of Independent States (CIS), Southeast Asia, and Pakistan.
He has also worked closely with leading investment banking institutions in the Gulf Cooperation Council (GCC) region and Pakistan on major privatisation, capital-raising, and strategic advisory assignments. Most recently, Ahmad served as the chief executive officer of Hascol Petroleum Limited, where he led restructuring and operational improvement efforts.
Earlier in his career, Ahmad held senior leadership roles at the Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia, serving as Senior Advisor to the CEO and Deputy CEO-Designate.
Academically, he holds a Master of Science degree from the London School of Economics (LSE), UK, and an MBA from the Institute of Business Administration (IBA), Karachi.
His appointment comes at a critical time for K-Electric as the company navigates operational challenges, regulatory reforms, and ongoing investment plans aimed at strengthening Karachi’s power infrastructure and service delivery.