Ziyath, appointed to MPL two months ago, dismissed and replaced by Lamaan

The Privatization and Corporatization Board (PCB), on Friday, has dismissed Ibrahim Ziyath, H. Aahama, from his post as the Deputy CEO and Executive Member of the Board of Directors at Maldives Ports Limited (MPL), replacing him with Mohamed Lamaan, M. Hazaaree Villa.

In preparation for assuming his new role, Lamaan tendered his resignation from his position as Deputy Managing Director of Maldives Airports Company Limited (MACL) on Thursday.

Ibrahim Ziyath, formerly the CEO of Maldives Transport and Contracting Company (MTCC), had initially been appointed to MPL on March 16. While ZIyath’s dismissal was confirmed on Friday, the specific reasons for this decision have not been formally disclosed.

Lamaan brings extensive experience to the position, having previously served as Managing Director of Fenaka Corporation. He has also held senior executive roles at Maldives Industrial Fisheries Company (MIFCO), including Chief Human Resources Officer and Chief Procurement Officer.

The PCB noted that Lamaan possesses significant expertise in corporate governance, project management, and leadership. He holds a Master of Business Administration (MBA) from the University of Colombo and has completed various professional training programs in management and leadership.

These developments form part of a broader series of recent leadership transitions within state-owned enterprises (SOEs). Notably, Mohamed Anas, the former President of the PCB, was appointed  as Managing Director and Chief Executive Officer of MIFCO on Thursday. At the same time, Mohamed Nizar, an experienced figure in business and institutional administration, has been reappointed as President of the PCB.

The government has further announced that additional structural reforms will be introduced to the management of state-owned companies as part of a wider strategy aimed at reducing administrative costs and enhancing fiscal efficiency.