Karachi: According to the K-Electric press statement issued post Board Meeting held today at KE House, Tayyab Tareen, has been appointed as the Chief Executive Officer effective 27th November, 2014.
Tayyab Tareen has been associated with KE for the last 6 years and has served the company as its Chief Financial officer, and Chief Strategy Officer, before moving back to the parent company Abraaj in 2013, where he had set up the Pakistan Investment Fund, and was also appointed as its CEO. He has been on the board of KE since 2009.
His appointment as the CEO will help in bringing sharp focus and adding impetus to KE’s major strategic initiatives alongside continuous operational and financial improvements leading to enhancement of customer service and creating value for stakeholders.
Tareen, is a qualified Chartered Accountant from England and Wales, with over 20 years of rich corporate experience under his belt with blue-chip multinational companies both in the domestic and international markets.
Nayyer Hussain has been the company’s CEO since February 2013 and has also served as the Chief Distribution Officer for the company. His contribution to the company have been lauded and appreciated by the Board of Directors. Hussain will continue to serve as Director on K-Electric’s Board.
KE Board of Directors extended their warm welcome to the incoming CEO and wished the best of luck to the outgoing CEO.