Former Managing Director of STELCO, Hassan Mughnee who was appointed to the Privatization and Corporatization Board (PCB) has been removed from the post.

The PCB on Tuesday announced that President Dr. Mohamed Muizzu reconstituted the PCB Board 26 November. The restructuring of the Board is as follows:

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1. Hamdhy Ageel – President
2. Mohamed Firaz – Vice President
3. Ahmed Mushthaq – Member (Accounding and Finance)
4. Leena Abdul Jaleel – Member (Banking)
5. Moosa Fathuhy Adam – Member (Business Administration)
6. Hassan Zareer – Member (Economics)
7. Ahmed Nashaath – Member (Legal)

The reason for Mughnee’s name being removed from the PCB board is unclear.