June 13, 2015
News
‘Unwavering determination led to revival of K-Electric’
KARACHI: K-Electric (KE) Chairman Tabish Gauhar said on Friday that the KE’s turnaround from a loss making entity into a profitable one is a story of sustained optimism and unwavering determination that has set a benchmark for state-run power entities in the country.
Gauhar said this while addressing the 9th CEO Summit Asia 2015 at a hotel, where he was invited as a guest of honour.
The annually held CEO Summit Asia recognises best performing entrepreneurs across the country within their respective fields. At the summit, a book, titled ‘100 Best CEO’s And Leaders of Pakistan’, was launched that incorporates names and profiles of influential personalities and leaders of Pakistan, which should receive due recognition for their effective management and business practices.
Many prominent corporate personalities were present at the event, including Punjab Governor Malik Rafique Rajwana.
The leadership of Tabish Gauhar has attained him a prominent place in the list of best performing Chief Executive Officers (CEOs) for his tremendous contributions in the revival of KE, as a young, passionate and visionary entrepreneur of Pakistan.
During his tenure as K-Electric CEO for the period of Nov 2009 till Feb 2013, Gauhar displayed remarkable excellence across core business functions. The company’s turnaround was marked by efficient business operations, financial growth and advancement for the ailing power company.
Gauhar’s managerial distinction is marked by 60% load shedding exemption from Karachi; promoting sustainability and responsible investment through a series of corporate social initiatives that impacted over 2.2 million underprivileged people per annum. Laying the foundations of Pakistan’s first oil-to-coal conversion project that significantly reduced consumer tariff and formulating the country’s first comprehensive ‘Climate Change’ policy as a utility company.
Considering his achievements in reviving the company, The Punjab governor presented a memento to Tabish Gauhar as a token of appreciation for his outstanding contributions in the energy sector.
Talking about the challenges with regards to KE’s turnaround, Gauhar explained that vision and conviction are key factors for any organisation to achieve a topmost position. After joining KE, our vision was to restore and maintain pride in the power utility as well as restore the lights of the city. “In its initial years, KE faced various challenges that demanded resolute determination. The rightsizing of KESC from 17,439 employees to 10,401 and Voluntary Service Separation Scheme is one example of stringent measures management takes to address human resource issues,” he added.
Courtesy www.dailytimes.com.pk