PCB Seeks New CEO for MIFCO 

The Privatisation and Corporatisation Board (PCB) has announced its search for a new Chief Executive Officer (CEO) for the Maldives Industrial Fisheries Company (MIFCO) for the second time. 

Interested applicants are encouraged to submit their applications by 8 October, with the position open to foreign candidates as well. According to the PCB, the appointment will be made based on the applicant’s qualifications and experience. The salary for the position is set to range between USD 12,000 (MVR 185,040) and USD 15,000 (MVR 231,300), reflecting an increase from the previous offer of MVR 9,500 (USD 146,000) to USD 12,000 (MVR 185,000).

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In June, the PCB had to cancel its earlier announcement after receiving no applications from qualified candidates by the deadline.

The vacancy arises following the dismissal of Ahmed Samah Rasheed, the government-appointed CEO, by the PCB. His dismissal followed a suspension related to multiple complaints lodged with the board.