Managing Director of STELCO resigns

Managing Director of State Electric Company Limited (STELCO) Dr. Zaid Mohamed has resigned.

Chairman of STELCO’s Board of Directors Ahmed Shareef said today that Zaid informed the board of his resignation via email last Monday. He said that the notice stated the reason for his resignation as to dedicate more time for the family business.

Zaid failed to pick up the phone when sought for a comment for the reason of his resignation.

Following Zaid’s resignation, his responsibilities will be temporarily taken up by Deputy Managing Director Mohamed Latheef, said Shareef.

Zaid joined STELCO in the year 2000 and has held a number of posts at the company.