Karachi: Kot Addu Power Company Limited has announced the election of its new board of directors following its Twelfth Extraordinary General Meeting. The election, held on October 2, 2024, sees the induction of a diverse group of professionals, set to steer the company for a three-year term starting from October 2, 2024.

The meeting culminated in the selection of eight directors, comprising both military and civilian professionals, including Lt. General (Retd) Sajjad Ghani and Mr. Aqeel Ahmed Nasir, alongside other notable figures such as Mr. Saad Iqbal and Mr. Naveed Asghar Chaudhry. The board also includes Mr. Jamil Akhtar and Mr. Hafiz Mohammad Yousaf, both serving as independent directors. Furthermore, the inclusion of Ms. Mahwish Humayun Khan and Mr. Khawaja Khalil Shah as independent directors highlights the company's ongoing commitment to governance and diverse representation.

According to information available from the Pakistan Stock Exchange (PSX), the new board’s composition reflects a blend of experience and expertise essential for the company’s strategic direction and governance. The directors' backgrounds span various sectors, suggesting a comprehensive approach to leadership at Kot Addu Power Company Limited. This change comes at a crucial time as the company continues to navigate the complexities of the energy sector in Pakistan.

The directors are expected to bring new insights and directions to the company, aligning with Kot Addu’s goals of enhancing operational efficiency and shareholder value in a competitive market. The Karachi Stock Exchange and the Securities and Exchange Commission of Pakistan have been duly notified of these appointments.