KARACHI, Nov 30: A new management assumed charge of the Karachi Electric Supply Corporation on Wednesday. A formal taking-over ceremony of the KESC by the successful consortium of Hasan Associate (Pvt) Ltd will be held on Thursday.
According to a press release, the ceremony will be presided over by the Federal Minister for Privatization and Investment, Abdul Hafeez Shaikh.
According to a KESC spokesman, Frank Scherschmidt and Mohammad Asghar assumed the charge of Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the KESC respectively.
Both, with their vast working experience in Europe, the UK, the USA, Canada and the Middle East, have brought with them professional management skills of international standards to manage the power utility.
The new CEO and CFO along with two new members of the Board of Directors Akhtar M Zaidi and Shan A Ashary were formally introduced to the chief engineers and other heads of departments at the KESC Board Room by the outgoing MD KESC Brig Tariq Saddozai.
Brig Saddozai appreciated the cooperation and services rendered by the KESC engineers and officers. He impressed upon them to display the same motivation to new management team.
The new CEO, Mr Frank, said that quick improvement in technology would be brought about to make the power utility function at full speed.
A nexus of consumer, staff, technology, and cost-effectiveness would be developed, he added.
Meanwhile, the new KESC management has circulated a letter among its employees in which their past services for the corporation have been acknowledged and an assurance has been given to them that there would be no retrenchment, adds APP.
“Instead, the KESC’s operation and services will be expanded to utilise the current work force,” the management said.
In the letter, the new management told employees that the complexion of the company had transformed from a public sector under government patronage to private sector under private ownership.
“We embark on this journey together with full recognition of your valuable contribution in the past, sometimes under difficult and trying circumstances,” the management said, and pointed out that the knowledge and experience gained through the process made them an important member of the KESC team.
Assuring that while the management valued their past experience, it was committed to further enrich their work lives through talent evaluation, training, team building, performance-based fair compensation and an enabling work environment.
“Instead of retrenchment, we will strive to enhance our operation and services,” the management said in the letter.
The management said that it would welcome suggestions from employees to make overall improvements in the company’s operations through intra company meetings and through a culture of open communication.
It re-emphasised the importance of the Employee Suggestion Award Scheme already implemented to reward those who pioneered ideas that either reduced operating costs or improved productivity right from the outset.
“We start this momentous journey today, and we are confident that by working together, we will make KESC a highly efficient, service-oriented and profitable organisation; a win-win situation for employees, customers and the shareholders,” the letter said.
