MIFCO CEO Farhath Shaheer resigns
He is the third individual to serve as CEO of MIFCO under the current administration.
Farhath Shaheer has resigned from his position as Chief Executive Officer of Maldives Industrial Fisheries Company.
Farhath met with employees of the company on Sunday and informed them of his decision to step down.
He is the third individual to serve as CEO of MIFCO under the current administration. The position was previously held by Vitaly Lyubimov, who stepped down following a request from the government.
Farhath’s resignation follows a decision by MIFCO to increase the price of canned fish last Monday. The price revision was later reversed on the same day. Economic Minister Mohamed Saeed stated that the change had been implemented without the government’s knowledge.
The resignation comes amid changes in the leadership of state-owned enterprises. Last week, Mohamed Rishwan resigned from his position as Managing Director of Maldives Ports Limited.
In addition, several heads of state-owned enterprises have been removed following the council elections. These include Hussain Didi, Managing Director of AgroNet, and Mohamed Najah, Managing Director of Fenaka Corporation.
