MIFCO CEO Farhath resigns

Farhath Shaheer resigned as CEO of the Maldives Industrial Fisheries Company (MIFCO) on April 12, 2026. He was appointed in March 2025, succeeding the first foreign CEO, Dr Vitaly Lyubimov, who was dismissed. Farhath previously served as Vice Chief of Defence Force of the Maldives National Defence Force (MNDF) during the 2012 protests that forced President Mohamed Nasheed's resignation, and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen's administration. The current administration has appointed several former high-ranking military officials to lead state-owned enterprises. MIFCO was established in 1993 following a corruption scandal involving the Fisheries Projects Implementation Department.

Farhath Shaheer resigned as CEO of the Maldives Industrial Fisheries Company (MIFCO) on April 12, 2026. He was appointed in March 2025, succeeding the first foreign CEO, Dr Vitaly Lyubimov, who was dismissed. Farhath previously served as Vice Chief of Defence Force of the Maldives National Defence Force (MNDF) during the 2012 protests that forced President Mohamed Nasheed's resignation, and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen's administration. The current administration has appointed several former high-ranking military officials to lead state-owned enterprises. MIFCO was established in 1993 following a corruption scandal involving the Fisheries Projects Implementation Department.

Farhath Shaheer resigned as CEO of the Maldives Industrial Fisheries Company (MIFCO) on April 12, 2026. He was appointed in March 2025, succeeding the first foreign CEO, Dr Vitaly Lyubimov, who was dismissed. Farhath previously served as Vice Chief of Defence Force of the Maldives National Defence Force (MNDF) during the 2012 protests that forced President Mohamed Nasheed's resignation, and as CEO of Indira Gandhi Memorial Hospital under President Abdulla Yameen's administration. The current administration has appointed several former high-ranking military officials to lead state-owned enterprises. MIFCO was established in 1993 following a corruption scandal involving the Fisheries Projects Implementation Department.

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