Summit Group on Thursday announced the appointment of Faisal Khan as the managing director (MD) of Summit Corporation, the largest independent power producer (IPP), LNG infrastructure and energy trading company in Bangladesh, effective from May 1, 2024.
“Faisal Khan is taking over as the managing director of Summit Corporation. It makes me so immensely happy to see our children grow up to be such good human beings, honest people and amazing managers,” remarked Muhammed Aziz Khan, founder chairman of Summit Group and Faisal Khan’s uncle.
Summit Group is the leading infrastructure conglomerate in Bangladesh with diversified interests in power generation, energy, telecommunications, ports and real estate, reads a statement.
“Faisal has been with me professionally for 17 years and served as the additional managing director since 2017, so he knows the ropes and challenges of the position. I am sure in his good hands, Summit will continue to reach many more summits,” said the founder chairman of Summit Group.
"I consider myself incredibly fortunate to have the privilege of being mentored by my uncle, Aziz Khan, the Founder Chairman of Summit. His guidance, wisdom, and unwavering support have been instrumental in shaping not just my professional journey, but also my personal life. I look forward to continuing to work with the Board of Directors, investors, government, financial institutions and colleagues as we navigate the intricacies of Bangladesh's power and energy sectors. Our aim is to contribute further to the development of Bangladesh with more efficient and sustainable solutions including transitioning towards carbon neutrality," stated Faisal Khan, Managing Director of Summit Corporation.
Faisal Khan, the eldest son of Farid Khan, Chairman of Summit Communications Ltd and Summit Towers Ltd, holds a Bachelor's degree in Mechanical Engineering from University College London (UCL) and a Master of Business Administration (MBA) from London Business School (LBS). He joined Summit Group in 2007.
Faisal Khan played a pivotal role in the development of over 2,000 MW power plants and LNG FSRU projects over the past decade. He is a Board Member in all companies under Summit Group and currently serves as the President of the Bangladesh Independent Power Producers' Association (BIPPA). He is also a Founding Member of Bangladesh Energy Society.
Previously, Khan held positions such as Chairman of Bangladesh’s National Standing Committee for National Energy Strategy for Private Sector Development and Co-Convener of National Standing Committee for Energy & Power Sector at Dhaka Chamber of Commerce & Industries (DCCI). He was also elected as a Director of the Bangladesh-China Chamber of Commerce and as a Member of the Executive Committee of the Bangladesh Association of Publicly Listed Company (BAPLC).
Summit Corporation is the holding company of all power and energy assets. With a commitment to excellence and innovation, Summit Group continues to drive progress and development across various sectors in the country.
