Maldives swaps chairmen of STO, MTCC

Ahmed Niyaz, former Chairman of STO, now Chairman of MTCC. MIHAARU PHOTO

Ahmed Niyaz, former Chairman of STO, now Chairman of MTCC. MIHAARU PHOTO

The Maldives government exchanged the chairmen of State Trading Organisation (STO) and Maldives Transport and Contracting Company (MTCC) on Tuesday.

The Privatisation Board appointed STO’s Chairman Ahmed Niyaz to the same post of MTCC, while MTCC’s Chairman Hussain Salim has been transferred to STO.

The Privatisation Board occasionally shuffles the chairmen of state run companies on the request of the president.

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