K-Elec­tric ap­points Ta­reen as new CEO

The Financial Daily - - NATIONAL -

KARACHI: Ac­cord­ing to the 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. Mr. Hus­sain will con­tinue to serve as Direc­tor on KElec­tric's Board. -PR

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