KARACHI – In a significant development for the city’s primary power utility, Mark Gerard Skelton, the foreign Chairman of K-Electric, has officially stepped down from his position. Following his resignation, the company’s Board of Directors has appointed Shehryar Arshad Chishti as an Alternate Director.
Key Details of the Transition The leadership change was confirmed during a recent meeting of the Board of Directors. According to the Company Secretary, the board formally accepted Skelton’s resignation and approved the new appointment to ensure administrative continuity.
K-Electric has dispatched a formal letter to the Pakistan Stock Exchange (PSX), informing investors and regulatory authorities of this high-level management transition. Industry analysts view Shehryar Arshad Chishti’s induction as a pivotal move for K-Electric’s future governance and strategic decision-making processes.
This transition comes at a time when K-Electric is navigating critical operational and structural phases, making the role of the board essential in steering the utility’s long-term objectives.
