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Business energy / corporate governance Maldives Impact 5.0/10 2 min read
STELCO leadership change: Fahmy bids goodbye, hails President Muizzu’s support

STELCO leadership change: Fahmy bids goodbye, hails President Muizzu’s support

Hussain Fahmy stepped down as Managing Director of STELCO after 27 years. The Privatization and Corporatization Board appointed Ahmed Shamah Rasheed, former CEO of MIFCO, as his successor. Fahmy thanked President Muizzu and STELCO staff in a social media post.

Hussain Fahmy stepped down as Managing Director of STELCO after 27 years. The Privatization and Corporatization Board appointed Ahmed Shamah Rasheed, former CEO of MIFCO, as his successor. Fahmy thanked President Muizzu and STELCO staff in a social media post.

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The Standard

Published

Sep 7, 2025

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Hussain Fahmy stepped down as Managing Director of STELCO after 27 years. The Privatization and Corporatization Board appointed Ahmed Shamah Rasheed, former CEO of MIFCO, as his successor. Fahmy thanked President Muizzu and STELCO staff in a social media post.

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