Business fisheries / Business Maldives Impact 5.0/10 2 min read

MIFCO Appoints Ukrainian Expert as First Foreign CEO

Maldives Industrial Fisheries Company Ltd (MIFCO) has appointed Dr. Vitaliy Lyubimov as its first foreign CEO. Dr. Lyubimov, a Ukrainian with over 20 years of experience in crisis management, stakeholder engagement, and business analysis, will start on Tuesday. He replaces former CEO Ahmed Samah Rasheed, who was dismissed in May. MIFCO, a state-owned enterprise established in 1993, has faced persistent financial challenges. The Privatization and Corporatization Board (PCB) has not yet officially confirmed the appointment. The move aims to revitalize the fisheries sector, a cornerstone of the Maldivian economy.

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Dec 9, 2024

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Maldives Industrial Fisheries Company Ltd (MIFCO) has appointed Dr. Vitaliy Lyubimov as its first foreign CEO. Dr. Lyubimov, a Ukrainian with over 20 years of experience in crisis management, stakeholder engagement, and business analysis, will start on Tuesday. He replaces former CEO Ahmed Samah Rasheed, who was dismissed in May. MIFCO, a state-owned enterprise established in 1993, has faced persistent financial challenges. The Privatization and Corporatization Board (PCB) has not yet officially confirmed the appointment. The move aims to revitalize the fisheries sector, a cornerstone of the Maldivian economy.

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