President Muizzu Appoints Veteran Business Expert Mohamed Nizar to Lead PCB

President Dr Mohamed Muizzu has appointed Mohamed Nizar as the President of the Privatisation and Corporatisation Board (PCB), bringing a seasoned professional to the helm of the state's corporate governance body. Nizar assumes the role following the resignation of Mohamed Anas. His appointment marks a return to the PCB for Nizar, who previously served as the board's Chairman from 2014 to 2019. During his first tenure, he was instrumental in driving the government’s privatisation agenda and enhancing the operational efficiency of state-owned enterprises (SOEs). With over 30 years of experience spanning international business, corporate management, and public sector administration, Nizar is recognized as an expert in the corporatisation of SOEs. His expertise lies specifically in designing and overseeing monitoring and governance frameworks to ensure state entities operate with transparency and efficiency. A significant portion of Nizar's professional foundation was built during his 20-year career at the State Trading Organisation (STO). While at STO, he held various senior executive positions, including General Manager and Deputy Director, focusing on import, administration, IT, and sales. His contributions there included the critical implementation of Enterprise Resource Planning (ERP) systems and the expansion of the Maldives' international business partnerships. Beyond his executive roles, Nizar has provided strategic oversight as a board member for Maldives Gas Private Limited and Maldives Structural Products Private Limited. He has also lent his expertise to several national-level committees specializing in procurement, risk management, and corporate governance. Nizar holds a Master of Business Administration (MBA) and a Graduate Certificate in Business Administration from the University of South Australia. His academic background is complemented by extensive participation in international high-level forums focused on the management of state-owned enterprises, positioning him as a strategic asset for the administration's economic goals.