Karachi: Muneer Alvi resigns as K-Electric CEO; board considers three potential replacements
Karachi, Pakistan – Web Desk: K-Electric CEO Muneer Alvi has reportedly submitted his resignation to the company’s Board of Directors, sources confirmed, amid ongoing controversies surrounding the utility giant. The move marks the end of an 18-year tenure at K-Electric, including a record-breaking eight years as CEO.
While the company spokesperson declined to confirm or deny the resignation, insiders revealed that the board has shortlisted three potential candidates for the top post, all with extensive experience in the energy and finance sectors.
The final appointment is expected after board approval, with the Pakistan Stock Exchange to be notified accordingly. K-Electric’s current board has nine members after three vacancies, and the upcoming CEO selection is seen as crucial for stabilizing leadership amid ongoing uncertainty.
