Hubco CEO Khalid Mansoor resigns

Soon after receiving around Rs 23 billion from the government, Chief Executive Officer (CEO) of the Hub Power Company Limited Khalid Mansoor has resigned.

Khalid Mansoor, CEO of the first IPP in Pakistan under Power Policy 1995,  had played a key role in striking a deal of IPPs with the government.

Hubco in a notice to the securities exchange commission of Pakistan (SECP) said that Mr. Khalid Mansoor has resigned from his position as Chief Executive of the Hub Power Company Limited effective July 1, 2021.

The Company’s Board of Directors has appointed Mr. Kamran Kamal, currently the Chief Executive Officer of Laraib Energy Limited (a subsidiary of The Hub Power Company Limited) as the new Chief Executive Officer of The Hub Power Company Limited effective July 1, 2021.