STO MD replaced with Defence Minister’s brother

State Trading Organisation (STO) Managing Director Shahid Ali has been dismissed from the post and replaced by Adam Azim, formerly the government-owned company’s General Manager.

Shahid confirmed his dismissal by the incoming administration of President Abdulla Yameen to local media and made parting remarks to his staff today.

The new MD is the brother of President Yameen’s newly reappointed Defence Minister Colonel (Retired) Mohamed Nazim.