Kot Addu Power Company Limited (PSX: KAPCO) today announced a significant change in its leadership, confirming the resignation of its Chief Executive Officer, Mr. Javed Iqbal Mirza. The decision comes as part of a planned transition, with the company moving swiftly to ensure continuity in its strategic direction.
According to a official filing with the Pakistan Stock Exchange, the company’s Board of Directors has accepted Mr. Mirza’s resignation. In a swift move to maintain operational stability, the board has appointed Mr. Ahsan Javed Mirza as the new Chief Executive Officer, effective immediately.
Mr. Javed Iqbal Mirza’s tenure at the helm saw KAPCO navigate a complex period in Pakistan’s energy sector. The company expressed its gratitude for his leadership and contributions. “We thank Mr. Javed Iqbal Mirza for his dedicated service and wish him the very best in his future endeavors,” a company spokesperson stated.
Stepping into the role, Mr. Ahsan Javed Mirza brings a wealth of experience to the position. He has been an integral part of KAPCO’s leadership team, most recently serving as the company’s Chief Financial Officer and Company Secretary. His deep understanding of the company’s financial and operational framework positions him well to lead KAPCO through its next phase.
Market analysts view the leadership transition as a managed and strategic move, given Mr. Ahsan Javed Mirza’s familiarity with the company’s operations and long-term goals. The appointment of a successor from within the senior leadership team is expected to ensure seamless execution of KAPCO’s strategic plans without disruption.
KAPCO remains one of Pakistan’s most efficient and reliable independent power producers (IPPs), playing a vital role in the national grid. The company continues to focus on operational excellence and its commitment to providing affordable electricity to the nation.
