The Privatisation and Corporatisation Board (PCB) has announced the cancellation of the job notice issued seeking a Chief Executive Officer (CEO) at the Maldives Industrial Fisheries Company Limited (MIFCO).
The PCB had issued a notice for the CEO role on June 26, with the application deadline set for July 15. The cancellation came due to a lack of eligible applicants meeting the necessary qualifications, which include at least eight years of experience in managing a fisheries-related company and a minimum of four years in an international fishery's role.
The CEO position at MIFCO became vacant following the dismissal of Ahmed Shamah Rasheed in May. Before his termination, Shamah was removed from his responsibilities, but the PCB has not provided specific details regarding the reason for his dismissal.
MIFCO, established in 1993 as a state-owned fisheries company, is currently operating at a loss and has not been profitable for years. The company's primary goal is to enhance the fisheries sector in the Maldives and contribute to the nation's economy.