KEL appoints Syed Muhammad Taha as CEO
MG News | April 17, 2026 at 09:41 AM GMT+05:00
April 17, 2026 (MLN): K-Electric (PSX:KEL) has appointment Syed
Muhammad Taha as its new Chief Executive Officer (CEO), effective April 15,
2026, marking a significant leadership transition at a critical time for
Pakistan’s power sector.
A seasoned energy professional with more than three
decades of experience, Mr Taha returns to K-Electric with a strong reputation
for delivering operational excellence and leading financial turnarounds.
His appointment comes as the utility navigates
industry-wide transformation and increasing demand for reliable, future-ready
energy solutions, according to a press release issued.
Speaking on his appointment, Syed Muhammad Taha
emphasized the company’s central role in the country’s economic landscape,
stating that leading K-Electric during this transformative phase presents both
responsibility and opportunity.
He emphasized a commitment to innovation, improved
service reliability, and the adoption of advanced technologies to support
Karachi’s continued growth.
Prior to rejoining K-Electric, Mr. Taha served as
Managing Director and CEO of Pakistan State Oil (PSO) from February 2020, where
he led a remarkable financial recovery.
Under his leadership, PSO moved from a loss in FY2020 to
achieving net sales of Rs 3.3 trillion and a consolidated earnings per share of
Rs 35.03 by FY2025.
He also spearheaded efforts to modernize the company’s
retail operations and expand into clean energy and electric vehicle charging.
This marks a strategic return for Mr. Taha, who previously
served as K-Electric’s Chief Distribution Officer, overseeing revenues of
approximately $1.9 billion.
His international experience includes a leadership role
at Oasis Energy, where he contributed to infrastructure modernization for
Nigeria’s Port Harcourt Electricity Distribution Company.
Mr. Taha’s earlier career includes key positions at
Shell, Caltex (Chevron), and Pakistan Steel Mills. He is a professional
engineer and holds an MBA in Finance from the Institute of Business
Administration (IBA), Karachi.
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