STO Announces Amir Mansoor as New Chairman

State Trading Organization (STO) has appointed Amir Mansoor as its new Chairman. Currently serving as the Managing Director of Lily F&B, Amir Mansoor brings valuable experience to his new role.

Alongside Mansoor, Mohamed Murad has been appointed as a new board member.

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STO’s board, now consisting of seven members, has undergone recent changes. Last week, Shimad Ibrahim assumed the position of the new Managing Director and Chief Executive Officer (CEO) of STO.

The process of appointing chairpersons for state-owned enterprises (SOEs), such as STO, is overseen by the Privatization and Corporatization Board (PCB). This involves the President submitting names for these positions, and the recent appointments align with this established procedure.

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