January 18, 2019 (MLN): K-Electric Limited, in its recent notification, announced the cessation of Mr. Muhammad Tayyab Tareen as the Director and Chairman of the company, with effect from 18th January 2019. Mr. Ikram Sehgal has been assigned the position of Director and Chairman of the Company in his place.
With more than 40 years of business experience, Ikram Sehgal is Chairman Pathfinder Group Pakistan, employing several thousand people in 50 towns and cities across Pakistan. He holds a Commercial Pilot License and later started his own business in 1977.
Ikram Sehgal has served on many Boards, including Bank Alfalah for 16 years. Foundation Member of the World Economic Forum (WEF) and a Director EastWest Institute (EWI) USA for last 9 years. He is also Chairman Karachi Council on Foreign Relations (KCFR) and Vice President Council of Pakistan Newspaper Editors (CPNE).
Outgoing Chairman, Tayyab Tareen, has served KE in many roles during his ten-year association with K-Electric including as CFO before being appointed CEO in 2014. Tareen’s experience, mainly with multinationals, covering areas of business turnarounds, financial management, planning and business acquisitions was instrumental in driving transformation at K-Electric.
