State Trading Organization (STO) appoints Shimad Ibrahim as the corporation’s new Chief Executive Officer (CEO) and Managing Director.
Shimad has been appointed to lead the largest state-owned enterprise (SOE) in the Maldives through the approval of the Board of Directors. He is taking over following the dismissal of Abdulla Saeed, who previously held the position.
STO confirmed the appointment of Shimad as the company’s new frontman on X on November 28, Tuesday, adding that he will be taking charge effective on the same date.