The leadership of Summit Group, the largest infrastructure conglomerate in Bangladesh, as part of its strategic leadership transition has approved the election of Jafer Ummeed Khan as the chairman of Summit Oil and Shipping Limited and Latif Khan as the听chairman of Summit Power Limited, a publicly listed company.
The new responsibility of Jafer Ummeed Khan came into effect on April 17, 2024, and that of Latif Khan came into effect from April 29, 2024, said a press release on Monday.
Previously both were serving as the vice-chairmen of the respective businesses.听
Muhammed Aziz Khan, the founder chairman of Summit Group,听observed,听鈥淚t has been one of my life鈥檚 greatest achievements to serve Bangladesh through Summit鈥檚 infrastructure development. I have been planning for a transition for over a decade now. At the initial stage, we brothers had introduced our children to the business while my brothers served as vice-chairmen.鈥�
鈥楾his year I turned 70. So, it is the right time for welcoming the next leadership. As the largest infrastructure conglomerate, we are aware of our responsibility to the nation. I humbly request all for prayers and support for a successful strategic transition,鈥� he said.
Jafer Ummeed Khan听remarked,听鈥楳y chairman has handed over the chairmanship of the Summit Oil & Shipping. I intend to hand it over in even better condition to the next generation. That is my vision.鈥�
Latif Khan听mentioned, 鈥淲e will remain under the guidance of our beloved brother and founder Chairman as we are assigned and elected to the Chairmanship. I am personally promise-bound to Aziz Bhai and Summit for my dedicated service.鈥�
Meanwhile,听Farid Khan听had taken the helm of Summit Communications and Summit Tower as the chairman since December 28, 2021 and May 30, 2022, respectively.听
Muhammed Aziz Khan, the founder chairman of Summit Group continues to serve as the chairman of Summit Corporation, the holding company of power generation assets of Summit Group, Summit Power International (in Singapore) and as director of other companies.听
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