Summit Group has announced key leadership changes within its subsidiaries. 

Jafer Ummeed Khan has been elected as the chairman of Summit Oil and Shipping Limited, effective April 17. Additionally, Latif Khan has been appointed as the chairman of Summit Power Limited, effective April 29. Both individuals previously served as vice-chairmen of their respective businesses, according to a statement released by Summit Group today.

Muhammed Aziz Khan, the founder chairman of Summit Group, expressed his sentiments on the occasion, highlighting the significance of the transition. 

“It has been one of my life’s greatest achievements to serve Bangladesh through Summit’s infrastructure development. I have been planning for a transition for over a decade now,” he remarked. 

Aziz Khan will continue to serve as chairman of Summit Corporation, the holding company for the power generation assets of Summit Group and Summit Power International (in Singapore), and as a director of other companies.

Jafer Ummeed Khan expressed his commitment to upholding and advancing Summit Oil & Shipping’s legacy, stating, “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 echoed similar sentiments, emphasizing his dedication to serving under Muhammed Aziz Khan’s guidance. He stated, “We will remain under the guidance of our beloved brother and founder chairman as we are assigned and elected to the chairmanship.”

Meanwhile, Farid Khan has been the chairman of Summit Communications and Summit Tower since December 28, 2021, and May 30, 2022, respectively.