Chief Executive Officer

Core Responsibilities

The CEO shall report to the Board of Directors of LESCO and shall strive to achieve the commitments and goals set by the Ministry of Energy (Power Division) and the Board of Directors to transform the company into a thriving corporate entity. The CEO shall strive to command and perform, with the endeavor to achieve the objectives of the company in line with its vision & mission.

The Chief Executive Officer shall:

• Be responsible for the management of the State Owned Enterprise and ensuring that appropriated procedures and processes, with respect to financial and other matters, are duly followed, whilst performing under delegation from the Board of Directors and subject to its oversight and directions.
• Ensure the proper implementation of strategies and policies as approved by the Board of Directors.
• Put in place appropriate arrangements to confirm that funds and resources are properly safeguarded and are used in an economic, efficient, and effective manner and in accordance with the business plan of the State Owned Enterprise as well as its primary objective, ensuring compliance with all statutory obligations.

Desired Competencies

The requirements and expectations from the CEO shall include but not limited to the following:

• Industry Expertise with deep understanding of the power distribution industry of Pakistan including knowledge of best international practices, market dynamics, technological advancements, and emerging operational challenges.
• Strategic Vision with strong ability to articulate a clear and compelling vision for the company’s future by outlining strategic plans and initiatives to achieve the performance targets entrusted by the BOD and regulators.
• Leadership & Management Skills to demonstrate strong leadership qualities and the ability to effectively manage the company’s operations, resources, and human capital. This includes making informed decisions, fostering a positive corporate culture and achieving organizational objectives.
• Impressive Business Acumen, having solid grasp of business management, including budgeting, forecasting, planning, cost control, and capital allocation. Should be able to drive financial performance, operational excellence, speedy and efficient procurements, manage risks and ensure the Company’s financial stability.
• Stakeholder Management by possessing excellent communication and relationship-building skills in order to effectively engage with stakeholders, including government authorities, regulators, customers, employees and community members.
• Regulatory Compliance, ensuring that the company operates in compliance with applicable laws, NEPRA regulations, industry standards and effectively leading LESCO’s initiatives with reference to CTBCM. He must also be well aware of regulatory changes, maintaining a strong ethical framework by way of promoting corporate governance and Transparency.

Qualification & Experience

• Graduate degree in Electrical Engineering or equivalent from a well-reputed institute duly recognized by HEC/PEC. Additional weightage will be accorded to candidates possessing Masters Degree in Electrical Engineering / Economics / Finance / Strategic Planning / Business Administration / Public Administration.
• Or Be a member of a recognized body of professional accountants. With respect to Experience: The candidate should have a proven track record with minimum twenty five years of experience:
  • As Chief Executive or 5 years at a senior management level in similar organizations having commercial attributes,
  • Or In governance / management or business administration or finance or commerce or marketing or any other field relevant to this post in well-known organizations with commercial orientation at senior management position.
  • Or At the level of member of governing body of a professional institute or as a head of department.
• The candidate must comply with the Fit & Proper Criteria and other conditions as prescribed in the State Owned Enterprise Act, 2023.

Remuneration, Age & Contract Period

• Salary & Allowances will be market based.
• Maximum age limit will be up to sixty-two (62) years on the closing date of advertisement.
• The initial contract shall be for a period of three (3) years with annual performance evaluation to be conducted by the Board of Directors, LESCO. This will be against agreed Key Performance Indicators (KPI’s) as detailed in the contractual arrangement and Performance Agreement with MOE.

How to Apply

• Online through i-Recruitment on LESCO website (www.lesco.gov.pk) by first creating their login / getting registered under “Apply Online for Jobs” or
• Through courier to the below mentioned address (prescribed application form, duly signed, downloadable from LESCO website) while attaching the following:
  • A. Detailed CV, 4 Passport size photographs, copy of identification such as CNIC, NICOP, Passport etc.
  • B. Copies of Educational Degrees / Certificates, experience certificates, Professional reference letters.
  • C. Declaration for their fitness / eligibility to act as CEO as per Fit & proper Criteria of SOE Act, 2023 on Rs. 100/- non-judicial stamp paper as per prescribed format given on LESCO website; and
  • D. All pages of the application should be numbered and signed by the applicant.
• Shortlisted candidates shall be required to submit duly verified copies of their Testimonial by the Higher Education Commission or the professional body or association whichever is relevant.
• The Candidates already working in Govt./ Semi Govt./ Autonomous Public Organizations can also apply through proper channel along with NOC of their respective organization on its official Letter Head.

Submit Application

Get your application noticed! Upload your CV/resume, and we'll connect you with the employer.