Summit Group okays changes in strategic leadership

Business Desk :
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 chairman of Summit Oil and Shipping Limited (effective April 17) and Latif Khan as chairman of Summit Power Limited, a publicly listed company (effective April 29).
Previously both were serving as the vice-chairmen of the respective businesses.
Muhammed Aziz Khan observed on the occasion: “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. This 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.”
Jafer Ummeed Khan remarked: “My chairman has handed over the chairmanship of Summit Oil & Shipping. I intend to hand it over in even better condition to the next generation. That is my vision.”Latif Khan mentioned: “We 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.” Meanwhile, Farid Khan had taken the helm of Summit Communications and Summit Tower as the Chairman since December 28, 2021 and May 30, 2022, respectively.