K-Electric (KE) has announced the appointment of Shaheryar Arshad Chishty as acting chairman in the absence of Mark Skelton, according to a notice submitted to the Pakistan Stock Exchange on Wednesday.

The development follows the board’s earlier decision to appoint Shaheryar Chishty as an alternate director to Mark Skelton, a move that became effective immediately last week. The latest confirmation formalizes his role in overseeing chairman responsibilities during Skelton’s temporary absence.

In its board meeting held on March 17, 2026, K-Electric affirmed that Chishty will perform all duties associated with the chairman’s position. This includes leading board discussions, ensuring governance standards, and supporting strategic decision-making at the company level.

The appointment comes at a time when K-Electric continues to navigate operational challenges and strategic priorities within Pakistan’s energy sector. Leadership continuity remains essential to maintaining stability and ensuring smooth execution of the company’s objectives.

Industry observers note that appointing an alternate director as acting chairman is a standard corporate governance practice, particularly when continuity in leadership is required without disrupting board operations. It allows organizations to maintain decision-making momentum while adhering to regulatory frameworks.

K-Electric plays a critical role in supplying electricity to Karachi, making its governance structure and leadership decisions closely watched by investors and stakeholders. Any changes at the board level can have implications for operational efficiency and long-term strategy.

The notification to the Pakistan Stock Exchange ensures transparency and keeps shareholders informed about key developments within the company. Such disclosures are part of regulatory requirements aimed at maintaining investor confidence.

As acting chairman, Shaheryar Chishty is expected to ensure continuity in leadership and uphold governance standards until Mark Skelton resumes his role. The transition highlights the company’s preparedness in managing temporary leadership changes without disrupting operations.