How to Apply:

        i.            The interested candidates may submit application along with requisite documents as mentioned below:

A. online through i-Recruitment on LESCO website (www.lesco.gov.pk) by first creating their login /getting registered under “Apply Online for Jobs” or

B. 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 like 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

d.      All pages of the application should be numbered and signed by the applicant.

      ii.            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.

    iii.            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.

    iv.            In case of selection of any government employee through competitive process against this position, he / she will be required to either resign from Government Service or seek an early retirement, severing his/her lien/connection with their parent company before joining the position.

NOTE:-

a)      Any or all applications can be rejected without assigning any reason.

b)      Only shortlisted candidates will be invited for interview / selection process. No TA/DA will be admissible for interview / selection process.

c)      LESCO reserves all the rights to cancel or withhold this hiring process at any stage without assigning any reason.

d)      Concealment of fact(s) and misleading information will disqualify the candidate at any stage of the hiring and even after selection.

e)      Incomplete applications in any respect or received after due date shall not be considered

f)       LESCO is an equal opportunity employer; females are equally encouraged to apply.

g)      Last date for submission of application is 17.10.2024

Further details are available on the LESCO website at www.lesco.gov.pk

Lahore Electric Supply Company (LESCO), being a State-Owned Enterprise (SOE) is responsible for operating a power distribution network and the supply of electricity to more than 6.62 million valued consumers with more than 19,000 employees in the approved geographic territory of Lahore, Okara, Kasur, Sheikhupura and Nankana.

LESCO is seeking the services of a visionary, dynamic, professional of high caliber having demonstrated the leadership skills to lead a company as its Chief Executive Officer (CEO).

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:

a)      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;

b)      ensure the proper implementation of strategies and policies as approved by the Board of Directors; and

c)      putting 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 objectives & 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:

The minimum Qualification and Experience expected from the candidate includes:

a)      He must possess a graduate degree preferably in Electrical Engineering or equivalent from a well-reputed institute duly recognized by HEC / PEC. Additional weightage will be accorded to candidates possessing Master Degree in Electrical Engineering. Preference will be given to additional qualifications which include an MBA or Master’s degree in Finance / Strategic Planning / Law or related fields.

  Or

Be a member of a recognized body of professional accountants.

b)     The incumbent should have a proven track record with minimum ten- years of experience:

i.            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,

Or

ii.            As Chief Executive or at a senior management level in     similar organizations  having commercial attributes,

Or

iii.            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/MP-1

·       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. 

NOTE:-

a)      Any or all applications can be rejected without assigning any reason.

b)      Only shortlisted candidates will be invited for interview / selection process. No TA/DA will be admissible for interview / selection process.

c)      LESCO reserves all the rights to cancel or withhold this hiring process at any stage without assigning any reason.

d)      Concealment of fact(s) and misleading information will disqualify the candidate at any stage of the hiring and even after selection.

e)      Incomplete applications in any respect or received after due date shall not be considered

f)       LESCO is an equal opportunity employer; females are equally encouraged to apply.

g)      Last date for submission of application is 17.10.2024

Further details are available on the LESCO website at www.lesco.gov.pk