Former Army General Farhath Appointed as MD & CEO of MIFCO

The Privatization Board has appointed former Army General Farhath Shaheer as the Managing Director and CEO of Maldives Industrial Fisheries Company Limited (MIFCO).This decision follows the board’s ...

Mohamed Hilmy

06 March 2025, 00:00

The Privatization Board has appointed former Army General Farhath Shaheer as the Managing Director and CEO of Maldives Industrial Fisheries Company Limited (MIFCO).

This decision follows the board’s removal of the company’s previous foreign Managing Director and CEO, Dr. Vitaliy Lyubimov. Dr. Lyubimov, who was appointed late last year, was dismissed without any official reason provided.

Farhath is a decorated former military officer who previously served as the Vice Chief of the Maldives National Defence Force during President Mohamed Nasheed’s administration. He retired as a Brigadier General in 2012.

Following his military career, he took on the role of CEO at Indira Gandhi Memorial Hospital (IGMH), the largest hospital in the Maldives. During his tenure, he introduced numerous positive reforms to improve healthcare services.

Maldives Industrial Fisheries Company, a state-owned enterprise, is engaged in the production, processing, and marketing of fish and fishery products. The company was incorporated in 1993; however, its current operational status has faced challenges in recent years.

Former Army General Farhath Appointed as MD & CEO of MIFCO

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