K-Electric (KE) named Adeeb Ahmad as its interim CEO with immediate effect on Friday. This move follows the resignation of Moonis Alvi, who stepped down last week after being cleared by the Sindh governor in a workplace harassment case. The KE board of directors met and decided to appoint Ahmad as CEO. The company also informed the Pakistan Stock Exchange of this change and said, "The board has commenced an accelerated search for a permanent CEO." Ahmad brings 34 years of experience, including top-level roles. He has managed private equity funds, mergers and acquisitions, and worked extensively in energy and infrastructure sectors. Recently, he was CEO of Hascol Petroleum Limited. Moonis Alvi had said on social media last week that he "decided to step down" and called it "an honour to serve an institution so central to Karachi’s life," promising to "support a smooth transition."