State Trading Organization Welcomes Mr. Mohamed Nizam as their new Chief Financial Officer

State Trading Organization (STO) was pleased to announce today that they have appointed Mr. Mohamed Nizam (Seen in Cover Photo) as their new Chief Financial Officer (CFO). Prior to his appointment, Mr. Nizam was the General Manager at the Procurement Department at STO. A Public Announcement has been published in this regard for the attention of shareholders and other relevant parties. Mr. Nizam will be assuming the position effective of 1^st December 2020.

According to the Spokesperson for STO, Mr. Nizam was appointed for the position consequent to the resignation of Mr. Mohamed Mihad, who was previously filling the position. Mr. Mihad left the organization on a proud note having served at the company for 11 years. He was appointed to the position at the age of 26, making him the youngest individual to serve in this position at a Public Limited Company in Maldives. Mr. Mihad will be continuing his career at KPMG, as a partner; making it the first time a Maldivian national has been appointed for the role.

(Mr. Mihad)

State Trading Organization PLC (STO) is a public company having numerous subsidiaries, join ventures and associates engaging in businesses in the area of; petroleum, cooking gas, construction materials (including cement and roofing material), medical supplies and pharmaceuticals, home appliances, electronics, supermarket products and insurance. 

(Photos; STO)