PCB Sacks MIFCO CEO Vitaliy Lyubimov

The Privatization and Corporatization Board (PCB) has dismissed Vitaliy Lyubimov as CEO of the Maldives Industrial Fisheries Company (MIFCO). Lyubimov, the first foreign CEO in MIFCO's 32-year history, was appointed three months ago. PCB did not provide a reason, but local media reported government pressure due to his efforts to reduce political influence. Three general managers have also been dismissed recently. MIFCO, established in 1993, is one of the worst financially performing state-owned enterprises.

The Privatization and Corporatization Board (PCB) has dismissed Vitaliy Lyubimov as CEO of the Maldives Industrial Fisheries Company (MIFCO). Lyubimov, the first foreign CEO in MIFCO's 32-year history, was appointed three months ago. PCB did not provide a reason, but local media reported government pressure due to his efforts to reduce political influence. Three general managers have also been dismissed recently. MIFCO, established in 1993, is one of the worst financially performing state-owned enterprises.

The Privatization and Corporatization Board (PCB) has dismissed Vitaliy Lyubimov as CEO of the Maldives Industrial Fisheries Company (MIFCO). Lyubimov, the first foreign CEO in MIFCO's 32-year history, was appointed three months ago. PCB did not provide a reason, but local media reported government pressure due to his efforts to reduce political influence. Three general managers have also been dismissed recently. MIFCO, established in 1993, is one of the worst financially performing state-owned enterprises.

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