MIFCO CEO Faruhath Shaheer Resigns
Faruhath Shaheer has resigned as Managing Director and CEO of the Maldives Industrial Fisheries Company (MIFCO) following a controversial reversal of a price increase on oil-based canned tuna. MIFCO had initially raised prices due to rising production costs linked to global oil price fluctuations from Middle East tensions, but the decision was quickly rolled back. Faruhath was appointed on March 5 last year, replacing former CEO Vitaly Lubimov. He previously served as Vice Chief of Defence Force under President Mohamed Nasheed and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen.
Faruhath Shaheer has resigned as Managing Director and CEO of the Maldives Industrial Fisheries Company (MIFCO) following a controversial reversal of a price increase on oil-based canned tuna. MIFCO had initially raised prices due to rising production costs linked to global oil price fluctuations from Middle East tensions, but the decision was quickly rolled back. Faruhath was appointed on March 5 last year, replacing former CEO Vitaly Lubimov. He previously served as Vice Chief of Defence Force under President Mohamed Nasheed and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen.
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Faruhath Shaheer has resigned as Managing Director and CEO of the Maldives Industrial Fisheries Company (MIFCO) following a controversial reversal of a price increase on oil-based canned tuna. MIFCO had initially raised prices due to rising production costs linked to global oil price fluctuations from Middle East tensions, but the decision was quickly rolled back. Faruhath was appointed on March 5 last year, replacing former CEO Vitaly Lubimov. He previously served as Vice Chief of Defence Force under President Mohamed Nasheed and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen.
This story involves 1 source and may affect public understanding of fisheries / business.
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Focus: MIFCO CEO Faruhath Shaheer Resigns
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