Bank of Maldives (BML) announced changes to its Board of Directors.
The changes were announced when Bank of Maldives (BML) published the nominees to be put before the shareholders at its forthcoming annual general meeting. Following two years as Chairperson, Fareeha Shareef will not be seeking another term on the Board, while Mohamed Umar and Murthala Mohamed Didi will also be stepping down.
The annual general meeting of BML will take place on August 23. Seven nominees have been proposed by the government and five applicants will contest the three publicly elected positions.
CEO and Managing Director of BML, Andrew Healy said Fareeha, Umar and Murthala have added a lot of value to the board and the bank in the recent years. Healy said focus will continue to be on meeting the expectations of customers, shareholders and the communities.